Deribit Records 117,000 BTC Options Expiring with a Notional Value of $3.1 Billion

This upcoming Friday at 8 AM UTC, the options market on Deribit is poised for a significant event as 117,000 Bitcoin (BTC) options, with a notional value amounting to $3.1 billion, are set to expire.

The community’s attention is keenly fixed on this moment, with the “max pain price” anticipated at $26,500 and a put/call ratio standing at 0.58.

Such milestones in the options market are pivotal moments of interest for investors, traders, and the broader crypto community, as they can significantly impact market sentiment and influence subsequent trading strategies. Stay tuned for developments and insights following this event.