🚨 Options Expiry Alert 🚨 At 08:00 UTC tomorrow, over $2.1B in crypto options are set to expire on Deribit. BTC: $1.81B notional | Put/Call: 0.74 | Max Pain: $92K ETH: $337M notional | Put/Call: 0.88 | Max Pain: $3.25K Expiry positioning is tightly clustered around key strikes, keeping spot sensitive into the cut. Geopolitics and trade policy uncertainty remain the macro backdrop, supporting hedging demand and keeping vol reactive. Watch strike magnets, dealer hedging flows, and post expiry vol repricing. 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)