The crypto market is witnessing notable activity ahead of the expiry of Bitcoin and Ethereum options on the Deribit platform, reflecting significant investor interest.
Deribit Options Expiry Data
On July 17, Deribit announced the upcoming expiry of over $5.6 billion in Bitcoin and Ethereum options set for July 18 at 08:00 UTC. Of this, $4.9 billion are Bitcoin options with a Put/Call Ratio of 0.69 and a Max Pain Point of $113,000. For Ethereum, $750 million worth of options will expire with a Put/Call Ratio of 1.00 and a Max Pain Point of $2,900.
Bitcoin Price Dynamics
As of July 17, Bitcoin is trading above $118,000. Throughout the week, Bitcoin showed an upward trend, reaching a record high above $123,000 on July 14. Price support has come from growing global acceptance, continued institutional investments, and optimism within the crypto industry. U.S.-based Bitcoin ETFs have seen consecutive inflows for 10 days, with the largest inflow reported at $1.18 billion on July 10.
Ethereum Price Dynamics
On July 18, Ethereum is outperforming Bitcoin, currently priced above $3,400, increasing by more than 4% in the past 24 hours. Ethereum's success is also fueled by continued institutional support. Ethereum ETFs in the U.S. have recorded nine consecutive days of inflows, with their largest inflow of $726 million occurring on July 16.
The crypto market remains under optimistic influences ahead of the expiration of options for both Bitcoin and Ethereum, which may signal ongoing investor interest.
