With the crypto market on the rise, Deribit is set to expire over $4.6 billion in Bitcoin and Ethereum options.
Deribit Options Expiration Data
On July 10, Deribit announced that over $4.6 billion in options for Bitcoin and Ethereum will expire. Of this amount, $3.99 billion consists of Bitcoin options and $609 million of Ethereum options. The conditions for expiration include a Put/Call Ratio of 0.94 for Bitcoin with a Max Pain Point of $107,000 and a ratio of 1.04 for Ethereum with a Max Pain Point of $2,550.
Bitcoin Price Trends on July 10
At the time of writing, Bitcoin is trading above $111,000 and has risen by 2% over the last 24 hours. On July 9, the price surged from $108,000, hitting $111,900. The price increase is supported by global liquidity and sustained institutional interest.
Ethereum Price Trends on July 10
Ethereum has outperformed Bitcoin in the past 24 hours, trading above $2,770 and rising over 6%. On July 10, Ethereum's price surged to $2,818, driven significantly by institutional inflow exceeding $211 million on July 9.
The overall state of the crypto market indicates growing optimism, especially in light of the upcoming options expiration on Deribit.
