Bitcoin and Ethereum Options Worth Billions Expire Today as Market Braces for Volatility

BitcoinWorld Bitcoin and Ethereum Options Worth Billions Expire Today as Market Braces for Volatility Cryptocurrency derivatives traders are bracing for a significant event today as roughly $6.09 billion in Bitcoin (BTC) options and $920 million in Ethereum (ETH) options are set to expire on the Deribit exchange at 8:00 a.m.

UTC. The expiry, one of the largest scheduled for this month, could inject volatility into the crypto market as positions are settled and traders adjust their portfolios.

Key Expiry Metrics: Put-to-Call Ratio and Max Pain According to data from Deribit, the put-to-call ratio for the expiring Bitcoin options stands at 1.03, indicating a near-even split between bearish and bullish bets.

A ratio above 1 typically suggests that more traders are holding put options, which profit from price declines, than call options. For Ethereum, the put-to-call ratio is 0.98, reflecting a slightly more bullish tilt.