Recently, Deribit revealed the Bitcoin and Ethereum options expiry data for this Friday, August 29. Almost $15 billion in crypto options are set to expire on Deribit in two days, marking one of the biggest BTC and ETH options expiries so far in 2025.
Deribit’s announcement came amidst a volatile crypto market.
Deribit’s BTC and ETH Options Expiry Data
The crypto platform revealed the August month-end expiry details for BTC and ETH options, marking one of the heaviest expirations so far this year.
According to the official post on X, $11.66 billion in BTC options will expire with a Put/Call Ratio of 0.88 and a Max Pain Point of $116,000.
Also, $3.08 billion in ETH options are set to expire this Friday, with a Put/Call Ratio of 0.74 and a Max Pain Point of $3.800.
Both BTC and ETH will expire with Max Pain Points higher compared to their current prices on August 27, and it remains to be seen how the crypto market will react.
📊 August month-end expiry on Deribit (Friday): ~$15B notional set to roll off. One of the heaviest of 2025 so far. So much for the “quiet summer.”$BTC: $11.66B notional | Put/Call 0.88 | Max Pain $116K
OI skewed put-heavy, concentrated at $110K–115K. Calls distributed further… pic.twitter.com/ApJclxy4f0— Deribit (@DeribitOfficial) August 25, 2025
Bitcoin and Ethereum Price Trajectories This Week
The crypto market encountered volatilty this week, but today, the general crypto market is up by more than 2% in the past 24 hours, signaling optimism ahead.
BTC Price Action
After trading above $113,000 on August 24, BTC recorded a price drop to $109,000 levels on August 26. However, the digital asset saw a rebound, and today, August 27, BTC is trading above $111,000, after reaching prices of over $112,000 earlier.
Bitcoin ETFs in the US saw a renewed interest after six consecutive days of outflows since August 22. On August 25, the crypto products recorded over $216 million in inflows, and on August 26, the inflows in BTC ETFs were over $88.2 million, SoSoValue data shows.
ETH Price Action
After reaching a new ATH on August 24, above $4,953, ETH has also recorded price volatilty, dropping below $4,360 on August 26.
However, the digital asset saw a rebound and it’s now trading above $4,580. ETH is up by more than 9% in the past 7 days, being a better performer compared to BTC.
Institutional interest in ETH ETFs continues with 4 consecutive days of inflows since August 21. The biggest inflow day was on August 26, when the crypto products recorded over $455 million in inflows. BlackRock’s ETHA saw the biggest inflow above $323 million yesterday.
Crypto Markets Stay Optimistic at the End of August
Despite the recent market volatility, the crypto industry still has enough reasons to maintain optimism as we’re nearing the end of August.
Amidst continued institutional interest, accumulation, and adoption, the recent speech of Jerome Powell, Fed’s Chair, who hinted at upcoming rate cuts in September, added an injection of optimism into the crypto markets. Financial giants like Morgan Stanley also have a positive outlook for the next month.
