Deribit: $2.51B in Bitcoin, Ethereum options to expire today
Deribit data show roughly $2.51 billion in Bitcoin and Ethereum options are due to expire today. Bitcoin options account for $2.23 billion in notional value, with a put/call ratio of 0.68 and a max pain level at $66,000. Ethereum options total $291 million in notional value, with a put/call ratio of 0.62 and a max pain level at $1,750. Both Bitcoin and Ethereum are trading above their respective max pain points, and positioning is tilted toward calls.