On November 27, Deribit released the crypto options expiry data in a recovering market, following a lengthy period of intense volatilty. The general crypto market’s total capitalization is above $3,09 trillion, up by over 3,7% in the past 24 hours.
Deribit’s Crypto Options Expiry Details
On its official X channel, Deribit announced that more than $15,4 billion in Bitcoin and Ethereum options are set to expire on November 28, at 08:00 (UTC). This is the last crypto option expiry of the month, marking the end of a very volatile November.
Bitcoin options will expire with a Put/Call Ratio of 0.58, and a Max Pain Point of $100,000, higher than the digital asset’s current price. The elevated call interest could mirror an improving sentiment in the markets following the recent volatilty.
Ethereum options will expire with a Put/Call Ratio of 1, and a Max Pain Point of $3,400, also higher compared to ETH’s price today. Deribit highlighted that after the recent deleveraging in the markets, positioning has cooled into a more neutral stance, around a key support and resistance zone.
If the current conditions remain stable, December could kick off with a consolidation.
🚨 November Options Expiry Alert.
Over $15.4B in BTC + ETH options expire tomorrow at 08:00 UTC on Deribit, closing out a month of dramatic volatility.$BTC: Put/Call: 0.58 (calls dominate) | Max Pain: $100K
Positioning appears to have stabilized following recent volatility,… pic.twitter.com/xloKXU8fWQ
— Deribit (@DeribitOfficial) November 27, 2025
Bitcoin and Ethereum Price Actions
At the moment of writing this article, BTC is trading above $90,000, after hitting earlier prices over $91,000, amidst renewed optimism. The digital asset is up by more than 4% in the past 24 hours.
BTC’s price surge was fueled by multiple factors, including rising institutional interest, especially following JPMorgan’s latest moves – the banking giant announced new crypto products linked to BlackRock’s BTC ETF, IBIT – the most popular crypto ETF launched at the beginning of 2024.
Also, during the past two days, the US-based BTC ETFs, recorded inflows, with more than $128,6 million in positive flows on November 25 and over $21 million in inflows on November 26, SoSoValue data shows.
At the moment of writing this article, ETH is trading above $2,995, up by almost 3% today. ETH was also a good performer in the past 24 hours, seeing a rise in price from $2,900 to over $3,064 earlier today.
Institutional interest for ETH continued as well, and the US-based ETH ETFs recorded four consecutive days of inflows since November 21, with the biggest inflow day being November 24 – over $96,6 million in positive flows. Yesterday, the crypto products saw almost $61 million in inflows, higher compared to BTC ETFs on the same day.
Current Sentiment in the Crypto Markets
After Bitcoin reached its new ATH above $126,000 on October 6, intense volatilty hit the markets due to the huge $19 billion crypto liquidation event between October 10-11, and amidst massive FUD in the industry, among other factors.
Bitcoin seems to have bottomed earlier this month, and considering its current trajectory, we might expect a bullish December. Although Uptober turned out to be a Red October and Moonvember didn’t come either, there are still plenty of reasons to remain optimistic for the year’s end and beyond.
Strategy’s Michael Saylor recently said that Bitcoin’s volatilty is not a flaw, but a feature – when more people understand this, maybe we won’t see so many sell-offs and weak hands will turn to diamond hands in the future, understanding the long-term benefits of this innovative technology.
Bitcoin adoption is rising globally, mirroring the fact that the asset is maturing and gaining more trust from big investors in a regulated environment worldwide.
