Key Points
- Almost $2.09 billion in Bitcoin and Ethereum options will expire tomorrow on Deribit.
- BTC trades above $85,000 and ETH trades above $2,000.
Tomorrow morning at 08:00 (UTC), almost $2.09 billion in Bitcoin and Ethereum options will expire on Deribit. The options expiry data is released amidst a bullish market fueled by multiple optimistic factors.
Deribit’s Bitcoin and Ethereum Options Expiry
In a post on X, Deribit noted that $1.83 billion in Bitcoin options will expire with a Max Pain Point of $85,000 and a Put/Call Ratio of 0.85.
Also, $259 million in Ethereum options will expire with a Max Pain Point of $2,000 and a Put/Call Ratio of 0.6.
🚨 Options Expiry Alert! 🚨
At 08:00 UTC tomorrow, ~$2.09B in crypto options are set to expire.$BTC: $1.83B notional | Put/Call: 0.85 | Max Pain: $85K $ETH: $259M notional | Put/Call: 0.60 | Max Pain: $2K
Will we see a volatility squeeze or a slow unwind?
Stay ahead with… pic.twitter.com/lJLMwAvioP
— Deribit (@DeribitOfficial) March 20, 2025
This week, the Max Pain Point and the actual value of Bitcoin and Ethereum are very close, compared to previous weeks, and tomorrow’s expiration event on Deribit will most likely trigger less volatility in the market.
On March 28, a significant amount of BTC and ETH options will expire, over $13.2 billion, and it remains to be seen how the market will react then.
Tomorrow’s options expiry data comes amidst a bullish market fueled by optimism stemming from the nearing of the Ukraine-Russia war, the recent FOMC meeting, and today’s Trump speech at an important crypto event.
Bitcoin and Ethereum Price Trajectories
Bitcoin Price Today
At the moment of writing this article, BTC is trading above $85,000, up by over 3% in the past 24 hours. Earlier, the BTC price surpassed $87,000, fueled by the factors mentioned above.
Ethereum Price Today
Regarding Ethereum, the digital asset is trading above $2,000, up by 4% in the past 24 hours.
On March 19, Ethereum ETFs continued their outflows streak with March 19 being the 11th consecutive day of outflows at over $11 million, while Bitcoin ETFs continued seeing inflows for the fourth day in a row at almost $12 million, signaling higher institutional interest.
However, the crypto markets maintain optimism amidst rising global adoption and an upcoming economic easing in the US set to debut next month.
