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Nearly $3 billion in Bitcoin and Ethereum options expire today at 08:00 UTC on Deribit, placing derivatives markets under intense scrutiny.
Going into today’s options expiry, interest will be on whether the recent price stabilization marks a temporary pause or the beginning of a new directional move.
$3 Billion Bitcoin and Ethereum Options Expiry Tests Market Nerves After Liquidation Shock
As of this writing, Bitcoin was trading at $66,372, with a max pain around $74,000 and total notional open interest exceeding $2.53 billion. Ethereum, meanwhile, is trading near $1,950, with approximately $425 million in notional open interest and a max-pain level around $2,100.
These figures suggest that a large share of open positions would...