🚨 Options Expiry Alert Over 5B in BTC and ETH options expire tomorrow at 8:00 UTC on Deribit. Bitcoin options positioning reflects renewed caution after last week’s dip below 100K. Max Pain remains near 108K, with a put/call ratio around 0.83. Hedging activity is high, but there are no signs of panic. Open interest is concentrated around 100K puts and 120K-125K calls, defining the current situation for BTC. Ethereum options show a cautious but orderly market after the recent slide below 3,700. Max Pain sits near 3,800, with a put/call ratio around 0.9. Suggesting balanced positioning with a defensive tilt. Open interest clusters around 3,500 puts and 4,200 calls, outlining the key battleground for ETH. CPI and Powell’s comments have dampened ETF inflows, yet overall OI remains high. Disclaimer: Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does service retail clients for derivatives. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets may lose their value in part or in full, and are subject to extreme volatility at times.(Deribit)