$16.6 billion in BTC and ETH options expire on September 25
- —Total expiring options amount to $16.6 billion
- —Bitcoin accounts for $14.63 billion and Ethereum for $1.93 billion
- —Put/call ratios stand at 0.52 for BTC and 0.57 for ETH
- —The max pain zone for BTC is $72,000-$75,000 with spot near $78,000
Why it matters: Deribit market makers' hedging ahead of expiry could amplify price moves, and a drop below $75,000 would shift the balance of power for BTC.
Source: Crypto Briefing