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BTC and ETH Options Worth $4.35B Expire on Deribit

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BTC and ETH Options Worth $4.35B Expire on Deribit
Key Points:
  • Options expiry event could trigger market volatility.
  • $3.5 billion in BTC, $806.75 million in ETH expire.
  • Put-to-Call ratios indicate market sentiment for BTC and ETH.
btc-and-eth-options-worth-4-35b-expire-on-deribit
BTC and ETH Options Worth $4.35B Expire on Deribit

$4.35 billion in BTC and ETH options are expiring today on Deribit, potentially inducing short-term market volatility. Noteworthy is the put-to-call ratio: BTC at 1.23 (bearish) and ETH at 0.99 (neutral).

Todayโ€™s BTC and ETH options expiry may result in short-term market volatility as traders adjust their positions. This event is closely watched due to the potential impact on crypto pricing and short-term market dynamics.

A substantial $4.35 billion in options for Bitcoin (BTC) and Ethereum (ETH) are expiring on the Deribit Exchange today. With $3.5 billion attributed to BTC and $806.75 million to ETH, this event is under scrutiny for its potential to cause market fluctuations. Deribit remains the primary venue for this expiry, although no significant statements have been made by cryptocurrency figures like Arthur Hayes or Vitalik Buterin.

This expiry introduces immediate effects on the market, particularly influencing BTC and ETH pricing. Volatility is expected, particularly within European trading hours, due to the unwinding of contracts. Despite the anticipated volatility, historical trends suggest this may be a temporary market event.

Insight from past expiries suggests a rapid market shift post-expiry, which may stabilize quickly.

With regulatory agencies like the SEC and CFTC providing no immediate guidance, and major crypto leaders remaining silent, the focus stays on how this expiry affects derivatives and volatility. Sentiment metrics and put-to-call ratios indicate current market bias: BTC with a ratio of 1.23, and ETH at 0.99.

The next expiry on September 26, 2025, is expected to be larger, with $18 billion at stake, underscoring the importance of monitoring these regular market events.

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