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Massive Bitcoin Options Expiry on Deribit Signals Investor Optimism

  • Deribit hit over $40 billion in open interest for BTC options ahead of the June 27 expiration, with total open interest across all platforms surpassing $45 billion.
  • Deribit accounted for nearly 90% of the total open interest, solidifying its dominance in crypto options trading, as about 139,000 BTC contracts expired, representing approximately $15 billion in notional value.
  • The put-call volume ratio settled at 0.75, implying a bullish sentiment among traders, with the max-pain price set at $102,000, influencing price dynamics during expirations.
  • Ether didn't miss the action as around 939,000 ETH contracts expired, equating to $2.29 billion in value with a bullish sentiment indicated by a put-call ratio of 0.52 and a max-pain level at $2,200.

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