Key Points
- Over $3.1 billion in Bitcoin and Ethereum options expire on May 16 on Deribit.
- BTC trades above $102,000, and ETH is priced above $2,500.
Deribit has just released the Bitcoin and Ethereum options expiry data – over $3.1 billion in BTC and ETH options will expire tomorrow, May 16.
Bitcoin and Ethereum Options Expiry Data on Deribit
In a post on X, Deribit revealed that tomorrow morning, at 08:00 (UTC), more than $3.1 billion in BTC and options are set to expire.
According to their notes, $2.66 billion in Bitcoin options will expire with a Put/Call Ratio of 0.99 and a Max Pain Point of $100,000, lower than BTC’s current price.
Also, $525 million in Ethereum options will expire on Deribit with a Put/Call Ratio of 1.24 and a Max Pain Point of $2,200, lower compared to ETH’s current price.
🚨 Options Expiry Alert 🚨
Tomorrow 08:00 UTC: Over $3.1B in BTC & ETH options expire on Deribit.$BTC: $2.66B notional | Put/Call: 0.99 | Max Pain: $100K
$ETH: $525M notional | Put/Call: 1.24 | Max Pain: $2,200BTC skew is neutral, ETH puts slightly outweigh calls. Price… pic.twitter.com/jBj4C4tMvX
— Deribit (@DeribitOfficial) May 15, 2025
Deribit options data is released amidst a correcting crypto market – the overall market is down by over 2% in the past 24 hours, following a bullish period.
Bitcoin and Ethereum Recent Price Trajectories
Bitcoin Price Action
At the moment of writing this article, BTC is trading above $102,000. Although the digital asset is down by over 1% in the past 24 hours, it recorded a slight price rebound from levels below $102,000.
The past seven days have been bullish for Bitcoin, debuting on May 8 with an ascending price trajectory for the digital asset from $99,000 levels, and reaching a top above $105,000 on May 12, before cooling off to current levels.
However, it’s important to mention that despite the recent volatility, Bitcoin’s price remained above $100,000 in the past days – an important psychological price level.
Bitcoin’s price was sustained by upcoming rate cuts expectations and the end of the trade war between China and the US.
It’s also worth noting that institutional interest in BTC rebounded, and BTC ETFs in the US recorded inflows on May 14 close to $320 million following a previous day of outflows, according to SoSoValue data.
Ethereum Price Action
ETH also recorded an earlier price rebound, following a drop to $2,527. At the moment of writing this article, ETH is trading above $2,540, after a bullish week.
During the past seven days, Ethereum was a much better performer compared to Bitcoin, surging by over 30%.
On May 9, ETH recorded its biggest price jump since 2021, following the Pectra upgrade, which improves staking, scalability, and UX.
Institutional interest in ETH continues as well, with the ETH ETFs seeing another day of inflows at over $63 million on May 14, SoSoValue data shows.
