🚨 Options Expiry Alert 🚨 Over 4.6B in crypto options expire tomorrow at 08:00 UTC on Deribit. BTC: 3.99B notional | Put/Call: 0.94 | Max Pain: 107K ETH: 609M notional | Put/Call: 1.04 | Max Pain: 2,550 Bitcoin hit 112K overnight, but with long gamma at 110K, dealer hedging may cap follow-through. ETH sits in a negative gamma zone, moves could get outsized from here.