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Deribit: Bitcoin and Ethereum options worth over $5 billion set to expire tomorrow
PANews reported on November 6 that Deribit announced on X that Bitcoin and Ethereum options worth over $5 billion will expire tomorrow at 4:00 PM (UTC+8). The Bitcoin options open interest indicates that, following last week’s drop below $100,000, market cautiousness has increased again. The maximum pain point remains around $108,000, with a put/call options ratio of approximately 0.83. Hedging activity is active, but there are no signs of panic. Open interest is mainly concentrated in $100,000 put options and $120,000 to $125,000 call options, reflecting the current market stance for Bitcoin.
For Ethereum, recent price drops below $3,700 have led to a cautious but orderly market. The maximum pain point is near $3,800, with a put/call options ratio of about 0.9, indicating balanced and slightly defensive positioning. Open interest is concentrated in $3,500 put options and $4,200 call options, outlining Ethereum’s key trading range.