Data: Deribit Bitcoin and Ethereum options worth over $5 billion will expire tomorrow

Deribit announced on platform X that over $5 billion worth of Bitcoin and Ethereum options will expire tomorrow at 16:00 (UTC+8).

The Bitcoin options open interest shows that after last week's price fell below $100,000, market caution has once again intensified. The maximum pain point remains around $108,000, with a put/call ratio of about 0.83. Hedging activity is active, but there are no signs of panic. Open interest is mainly concentrated in the $100,000 put options and the $120,000 to $125,000 call options, reflecting the current market situation for Bitcoin.

The Ethereum options indicate that after the recent price fell below $3,700, the market remains cautious but overall orderly. The maximum pain point is around $3,800, with a put/call ratio of about 0.9, indicating a balanced and slightly defensive position in open interest. Open interest is concentrated in the $3,500 put options and the $4,200 call options, outlining the key battleground range for Ethereum.