I looked at Deribit options expiration data, and it's quite an interesting signal. Last week, about $2.1 billion worth of options expired, with Bitcoin accounting for $1.7 billion of that. The put/call ratio was also around 1.10, indicating a slightly bearish sentiment.



At that time, Bitcoin's price was exactly at the maximum loss limit of $76,000, while Ethereum was trading below that level. Those who frequently check Deribit data know that when prices concentrate at certain levels during expiration, it can always be a market signal.

Recently, the scale of options expiration has been steadily increasing, so I think I need to check data from platforms like Deribit more often. Let's see what the next expiration will bring.
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