Tomorrow morning, nearly $2.09 billion worth of Bitcoin and Ethereum options will expire on Deribit. This event comes amidst a bullish market driven by several optimistic factors.
Deribit's Options Expiry
It is reported that $1.83 billion pertains to Bitcoin options with a Max Pain Point of $85,000 and a Put/Call Ratio of 0.85. Additionally, $259 million accounts for Ethereum options with a Max Pain Point of $2,000 and a Put/Call Ratio of 0.6.
Current Bitcoin Prices
At the time of writing, BTC is trading above $85,000, up by over 3% in the past 24 hours. Earlier, the BTC price surpassed $87,000.
Current Ethereum Prices
Ethereum is trading above $2,000, up by 4% in the past 24 hours. Ethereum ETFs continue to see outflows, while Bitcoin ETFs are experiencing inflows, indicating strong institutional interest.
Tomorrow's options expiry may trigger some movement in the crypto market, with Bitcoin and Ethereum remaining key players.
