$5.6B in Bitcoin & Ethereum Options Expire Today, Market Braces for Volatility

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Over $5.6 billion in Bitcoin and Ethereum options are expiring today on Deribit, making it one of the biggest expiry events of the year.

Bitcoin options: $4.7B, with a max pain level at $118K.

Ethereum options: $944.5M, with a max pain level at $4,400.

Traders are split: BTC open interest shows tension between $110K puts vs $120K calls, while ETH sentiment looks more bullish, with a put-to-call ratio of 0.90.

Analysts warn this expiry could dictate market momentum into the weekend.

[EmTeam]

Massive expiry days like this always bring fireworks. Expect sharp moves and plenty of fakeouts before direction settles.

[alex10]

$5.6B in contracts closing out is no joke — traders better tighten risk management today.