🚨 Options Expiry Alert. At 08:00 UTC tomorrow, over $2.63B in crypto options are set to expire on Deribit. bitcoin:native : $2.01B notional | Put/Call: 0.55 | Max Pain: $80,000 ethereum:native : $625M notional | Put/Call: 0.39 | Max Pain: $2,300 Compared to last week, expiry size has grown materially while put/call ratios moved even lower, showing traders continue rotating toward upside exposure. Calls continue to dominate positioning as BTC trades above max pain and ETH open interest concentrated around $2.35K and $2.5K strikes. Full expiry data ↓ https://deribit.com/statistics/BTC/metrics/options Disclaimer: Deribit FZE is licensed by the Virtual Assets Regulatory Authority (VARA) for virtual asset exchange services, but does not offer derivatives services to retail investors. DRB Panama Inc. is unregulated and serves retail and non-retail investors. Virtual assets are highly volatile, carry significant risk, and may lose full value. They are not insured or protected against potential losses.(Deribit)