🚨 Options Expiry Alert 🚨 At 08:00 UTC tomorrow, $2.22B in crypto options are set to expire on Deribit. BTC: $1.84B notional | Put Call: 1.05 | Max Pain: $90K BTC open interest brackets spot, with heavy puts below $85K and calls building from $90K to $100K, creating pin risk around the $90K max pain level. ETH: $384M notional | Put Call: 0.89 | Max Pain: $3.1K ETH call positioning is concentrated above 3k. If spot holds above max pain, post expiry positioning may leave dealers more reactive to upside continuation. Disclaimer: Deribit FZE is licensed by the Virtual Assets Regulatory Authority (VARA) for virtual asset exchange services, but does not offer derivatives 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)