Markets· ★★★★· neutral·

Deribit Set to Expire $16B in Bitcoin Options Today

  • —184,000 BTC contracts worth ~$15.9B expire, plus $2.13B in ETH options
  • —Bitcoin max pain sits at $75,000 with a 0.69 put/call ratio
  • —Total options open interest tops $50B, or 74% of the market
  • —BTC near $84,000: up 10% on the week, down 33% from its record high
Why it matters: The large settlement could amplify volatility around $84,000, while the $75,000 max pain level flags downside risk.
Source: CryptoPotato