$2.22B Crypto Options Expiry Puts Bitcoin at a Crossroads as Volatility Looms

• $2.22B options expiry tightens Bitcoin’s range as traders brace for volatility
• Bitcoin sits near key levels as Deribit settlement fuels market tension
• Options positioning hints at sharp moves as Bitcoin nears critical price zones

Crypto markets are entering a sensitive phase as $2.22 billion in options contracts approach settlement on Deribit, placing traders on alert for short term turbulence. According to Deribit, Bitcoin represents about $1.84 billion of the total underlying value, a dominance that raises the chances of broader market impact.

Currently, the Bitcoin put to call ratio stands at 1.05, signaling rising downside protection after the asset failed to hold near $95,000. Moreover, the imbalance shows traders favoring hedging over aggressive upside bets, a pattern common when confidence softens but views remain split.

The max pain level sits near $90,000, according to Deribit data, marking the price where most options would expire worthless. Significantly, open interest clusters tightly around current levels, with strong put protection below $85,000 and heavy call exposure above $90,000.

Also Read: Vitalik Buterin Says Ethereum Mirrors Linux and BitTorrent as Core Infra

Options positioning sharpens focus on Bitcoin’s next move

Crypto markets are entering a sensitive phase as $2.22 billion in options contracts approach settlement on Deribit, placing traders on alert for short term turbulence. According to Deribit, Bitcoin represents about $1.84 billion of the total underlying value, a dominance that raises the chances of broader market impact.

Currently, the Bitcoin put to call ratio stands at 1.05, signaling rising downside protection after the asset failed to hold near $95,000. Moreover, the imbalance shows traders favoring hedging over aggressive upside bets, a pattern common when confidence softens but views remain split.

The max pain level sits near $90,000, according to Deribit data, marking the price where most options would expire worthless. Significantly, open interest clusters tightly around current levels, with strong put protection below $85,000 and heavy call exposure above $90,000.

Also Read: Shiba Inu Faces Heavy Pressure as 82 Trillion SHIB Flood Centralized Exchanges

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