Deribit Exchange Sees $2.2 Billion Bitcoin & Ethereum Options Expiry, Setting Stage for Market Volatility

Deribit's major options expiry event concluded with $2.2 billion in Bitcoin and ethereum contracts reaching maturity. Bitcoin's max pain point was set at $90,000, while Ethereum's was at $3,100. Market participants are bracing for potential volatility as these crypto derivatives expiries align with key U.S. macroeconomic catalysts.

The $1.84 billion bitcoin expiry revealed a balanced positioning landscape—put options clustered below $85,000 serving as downside hedges, while call options between $90,000 and $100,000 reflect sustained bullish conviction. Ethereum's $384 million expiry displayed similar confidence, with call options heavily concentrated above the $3,000 mark.

This convergence of crypto derivatives maturity and traditional financial events creates a notable inflection point. Traders appear to be exercising strategic patience, with Bitcoin hovering near its $90,000 strike price and Ethereum testing its $3,100 support level, setting the scene for the next directional move.