$6B in Bitcoin & Ethereum Options Expire Today

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Today marks a major crypto derivatives milestone as roughly $6 billion in Bitcoin and Ethereum options are set to expire on Deribit at 8:00 UTC.

Bitcoin: $5.1B in options

Ethereum: $754M in options

Max pain levels: $113,000 for BTC | $3,950 for ETH

Traders are watching closely as these expiries could influence short-term price movements and volatility across the crypto market.

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$6B in BTC & ETH options expiring today? That’s huge expect fireworks near those max pain levels ($113K BTC / $3.95K ETH) as traders fight to control the close.

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Options expiry days are basically crypto’s version of boss fights volatility, chaos, and surprise endings every time.