Deribit Warns of $4.5 Billion in Crypto Options Expiring on September 5
Bitcoin options dominate with $3.28 billion, showing strong put interest around $105,000 to $110,000, while Ethereum options total $1.27 billion with a focus on calls above $4,500.
BTC
ETH
Fact Check
The statement is strongly supported by the evidence. Deribit's official X account (Sources 2 & 9) directly issued an 'Options Expiry Alert' for 'over $4.5B in crypto options'. A Yahoo Finance article (Source 6) explicitly confirms the date as 'Sept. 5' and attributes the data to Deribit. Another source (Source 1) provides a breakdown of Bitcoin and Ethereum options that corroborates the total amount, calculating to $4.56 billion.
Summary
Deribit has issued a reminder about the expiration of over $4.5 billion worth of crypto options on September 5. Bitcoin options make up $3.28 billion, showing a put/call ratio of 1.38 and leaning towards puts around $105,000 to $110,000. Ethereum options total $1.27 billion, with a put/call ratio of 0.78 and a max pain point at $4,400, while calls are concentrated above $4,500.
Terms & Concepts
- Put/Call Ratio: A metric that compares the volume of put options to call options, indicating market sentiment towards a particular asset.
- Max Pain Point: The price level at which the maximum number of options contracts will expire worthless, often seen as a key indicator for market movements.