BTC Options Worth $21.2 Billion Set to Expire Tomorrow: Key Insights and Market Impact

Deribit has reported significant movements in the cryptocurrency options market, with Bitcoin (BTC) options worth a staggering $21.2 billion nearing expiration on February 14th. The current Put/Call Ratio stands at 0.68, indicating a slightly bullish sentiment among traders. The calculated maximum pain point—a price level where the largest number of options contracts would expire worthless—has been identified at $98,000. This data suggests a potential stabilization or resistance level for BTC ahead of the expiry date.

In parallel, Ethereum (ETH) options amounting to $4.6 billion are also set to expire. The Put/Call Ratio for ETH indicates a more cautious approach at 0.64, with a maximum pain point at $2,750. Investors should closely monitor these metrics as they may influence market dynamics and trading strategies in the lead-up to the expiration and settlement of these substantial options contracts.