BTC Options Expiry Hits $15 Billion on Deribit, Marking 2024’s Largest Crypto Options Event

According to the latest data from Deribit, the crypto derivatives market is witnessing a significant event with over $17 billion in Bitcoin (BTC) and Ethereum (ETH) options contracts expiring today. This marks the most substantial options expiry in 2024, underscoring heightened market activity and liquidity. Specifically, BTC options account for approximately $15 billion in notional value, exhibiting a put/call ratio of 0.74, with the max pain point identified at $102,000. Meanwhile, ETH options represent around $2.3 billion in notional value, with a put/call ratio of 0.52 and a max pain level near $2,200. These metrics provide critical insights into trader sentiment and potential price pressure around expiry, offering valuable signals for institutional and retail investors monitoring market dynamics.