$4.3 Billion Crypto Options Expiry Triggers Potential Volatility for Bitcoin and Ethereum
TLDR
- Over $4.3 billion in Bitcoin and Ethereum options expire today on Deribit, with $3.5 billion in BTC options and $806.75 million in ETH options
- Bitcoin options have a Put-to-Call ratio of 1.23 with max pain at $114,000, while Ethereum has a ratio of 0.99 with max pain at $4,500
- Traders expect short-term volatility during early European trading hours as markets adjust to options expiry
- Bitcoin futures open interest has climbed back toward all-time highs at $86 billion according to CoinGlass
- Next Friday September 26 will see the largest weekly Bitcoin options expiry in history worth over $18 billion
Over $4.3 billion worth of Bitcoin and Ethereum options contracts will expire today on Deribit exchange. The large expiry…
