Deribit: $8 Billion BTC and ETH Options Set to Expire, BTC Max Pain at $85,000
According to Lin Chen, head of Deribit's Asia-Pacific region, the options for Bitcoin (BTC) and Ethereum (ETH) for April will be settled this Friday (April 25) at 4 PM. At that time, BTC will have $7.2 billion in open interest expiring, with a put/call ratio of 0.73 and a max pain point at $85,000, while the current price is $92,735, indicating a significant win for call option buyers.
Meanwhile, ETH will have $800 million in open interest expiring, with the same put/call ratio of 0.73 and a max pain point at $1,900, while the current price is $1,769, showing a slight win for put option buyers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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