Deribit to settle $2.1 billion in Ethereum options today
- —Deribit settles $2.1 billion in Ethereum options at 10:00 Amsterdam time
- —Bullish bets account for $1.32 billion, bearish for $813 million
- —Max pain for the expiry sits at $2,350 per ETH
- —Nearly $16 billion in Bitcoin options expire at the same time
Why it matters: The expiry could amplify ETH volatility and force market makers to adjust their hedges.
Source: Crypto Insiders