Deribit’s Over $2.5 Billion in BTC and ETH Options Expire Today, the Market Overall Tends Toward Short-Term Bullish Expectations

According to Deribit’s official data, this Friday (June 12, 16:00 Beijing time), the market will face more than $2.5 billion worth of BTC and ETH options expiring.

Among them, today’s Bitcoin expiring options have a notional value of about $2.24 billion, with a put/call ratio of 0.69. The maximum pain point is $66k, indicating that traders hold a short-term bullish outlook on Bitcoin options.

At present, nearly $128 million in bearish options are concentrated at the $60,000 level, while Bitcoin’s current spot price (around $63,400) sits between the largest open interest in bearish options and the maximum pain point. Leveraged traders need to focus on contract risk at these two key price levels.

On the same day, Ethereum expiring options have a notional value of about $294 million, with a put/call ratio of 0.61. The maximum pain point is $1,725, which likewise shows traders’ short-term bullish outlook on Ethereum options.

In addition, $19 million in expiring bearish options are concentrated at the $1,600 level, while Ethereum’s current spot trading price is $1,670—between the largest open interest in bearish options and the maximum pain point. Investors need to manage contract risk at these two key levels.

Overall, despite recent market volatility, positions in both assets still lean toward call options. Currently, the put/call ratios for the Bitcoin and Ethereum options expiring today are below 1.0, suggesting that the market remains inclined toward call options.

#比特币期权交割 #Ethereum options