$5B in Bitcoin and Ethereum Options Set to Expire on Deribit

On November 14, 41,000 Bitcoin (BTC) options worth $3.95 billion and 228,000 Ethereum (ETH) options valued at $730 million expired. The BTC Put Call Ratio stood at 0.61 and ETH at 0.59, indicating stronger demand for puts. Implied volatility rose sharply and market sentiment turned negative, reflecting heightened demand for protective put strategies.

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