Deribit Exchange Faces $2.22B Crypto Options Expiry as Bitcoin Tests Critical $90K Support
The cryptocurrency market is preparing for a pivotal moment as $2.22 billion in options contracts expire on the Deribit exchange, with Bitcoin accounting for $1.84 billion of the total. A put/call ratio of 1.05 reflects cautious sentiment after BTC failed to sustain momentum above $95,000.
Deribit's 90% dominance in the crypto options market amplifies the impact of this expiry. Traders are actively hedging with put options as the $90,000 max pain price approaches—a level where the majority of contracts would expire worthless. The market currently remains in equilibrium, with bulls watching for breakout potential and bears awaiting confirmation of technical weakness.
This high-stakes expiry event is poised to dictate short-term price action across digital assets, with Bitcoin remaining the focal point for both institutional capital and retail trader attention.
