{"id":42447,"date":"2025-05-15T19:00:38","date_gmt":"2025-05-15T16:00:38","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42447"},"modified":"2025-05-15T16:26:22","modified_gmt":"2025-05-15T13:26:22","slug":"deribit-btc-and-eth-options-expiry-tomorrow-2025","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/deribit-btc-and-eth-options-expiry-tomorrow-2025\/","title":{"rendered":"Deribit\u2019s $3.1 Billion BTC and ETH Options Expiry Tomorrow!\u00a0\u00a0"},"content":{"rendered":"

Crypto derivatives exchange Deribit<\/strong> announced that $3.1 billion worth of Bitcoin (BTC) and Ethereum (ETH)<\/strong> options contracts will expire tomorrow, May 16, 2025, at 14:00.\u00a0<\/span>\u00a0<\/span><\/p>\n

Deribit Options Expiry and Critical Levels\u00a0<\/span>\u00a0<\/span><\/h2>\n

Deribit<\/strong> is a leader in the crypto derivatives market. Tomorrow\u2019s expiry includes $2.66 billion<\/strong> in Bitcoin<\/a> and $525 million in Ethereum<\/strong> options. Bitcoin\u2019s maximum pain point (max pain<\/strong>) is at $100,000. This level indicates the price at which investors would incur the most losses. The max pain<\/strong> level is the price at which the highest number of call and put options<\/strong> would expire worthless, and the market often drifts toward this point. For Ethereum<\/strong>, the maximum pain point is $2,200. As a result, prices may gravitate toward these levels. Traders are adjusting their positions accordingly. Analysts note that such large options expiries typically cause short-term price<\/strong> volatility.\u00a0<\/span>\u00a0<\/span><\/p>\n

Bitcoin\u2019s Put\/Call<\/strong> ratio is 0.99, indicating a nearly neutral sentiment. This suggests investors are undecided between bullish<\/strong> and bearish expectations. However, Ethereum\u2019s Put\/Call ratio is 1.24<\/strong>, signaling that investors anticipate a price decline and are acting cautiously. ETH<\/strong> traders are more conservative than BTC traders<\/strong>, hedging against downside risks. Historical data shows that such major expiry dates lead to 5-7%<\/strong> price volatility in 60% of cases. Investors should remain vigilant, especially heading into the weekend.\u00a0<\/span>\u00a0<\/span><\/p>\n

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\ud83d\udea8 Options Expiry Alert \ud83d\udea8<\/p>\n

Tomorrow 08:00 UTC: Over $3.1B in BTC & ETH options expire on Deribit.$BTC<\/a>: $2.66B notional | Put\/Call: 0.99 | Max Pain: $100K
$ETH<\/a>: $525M notional | Put\/Call: 1.24 | Max Pain: $2,200<\/p>\n

BTC skew is neutral, ETH puts slightly outweigh calls. Price\u2026 pic.twitter.com\/jBj4C4tMvX<\/a><\/p>\n

— Deribit (@DeribitOfficial) May 15, 2025<\/a><\/p><\/blockquote>\n