Deribit Set for Massive BTC and ETH Options Expiration: $3.1 Billion at Stake Tomorrow!

On May 15th, **COINOTAG News** reported that Deribit is set to witness an unprecedented expiration of over **$3.1 billion** in **BTC** and **ETH** options. Scheduled for tomorrow at **16:00 (UTC+8)**, this significant event encapsulates **$26.6 billion** in notional value for Bitcoin, exhibiting a **Put/Call Ratio** of **0.99** and a Max Pain level of **$100,000**. In contrast, Ethereum options reflect a **notional value** of **$5.25 billion**, with a **Put/Call Ratio** of **1.24** and a Max Pain set at **$2,200**. Current data indicates that while Bitcoin options display a **skew neutral** position, Ethereum is witnessing a slight excess of put options relative to calls. This dynamic could lead to intriguing **price action**, compelling market participants to closely monitor developments around this expiration.