Back
Deribit Crypto Options Worth $7.5 Billion Set to Expire Tomorrow

Deribit Crypto Options Worth $7.5 Billion Set to Expire Tomorrow

According to Deribit data, Bitcoin options make up $6.21 billion and Ethereum options $1.29 billion of the $7.5 billion crypto options expiry scheduled for tomorrow.

BTC
ETH

Fact Check
Multiple independent outlets (BlockBeats, Odaily, crypto.news) all cite Deribit data with matching figures: total $7.5B, BTC $6.21B, ETH $1.29B options expiring on May 29, 2026. The figures and attribution to Deribit match the claim exactly.
    Reference: 123
Summary

Deribit data shows that $7.5 billion in crypto options are due to expire tomorrow, with Bitcoin options representing $6.21 billion and Ethereum options totaling $1.29 billion. The Bitcoin contracts carry a put-to-call ratio of 0.88 and a max pain level of $75,000, while Ethereum options show a 0.81 put-to-call ratio and a $2,200 max pain level. Large options expiries are closely watched because they can affect short-term price positioning and hedging activity in the crypto market.

Terms & Concepts
  • Options: Derivatives contracts that give traders the right, but not the obligation, to buy or sell an asset at a set price before expiry.
  • Put-to-call ratio: A metric comparing bearish put options with bullish call options, often used to gauge market positioning and sentiment.
  • Max pain: A price level where the largest number of options would expire worthless, often tracked as a possible point of market pressure near expiry.