Over $28.5 Billion in Bitcoin Options Set to Expire Tomorrow on Deribit

On May 1st, *COINOTAG News* reported significant movements in the cryptocurrency options market, primarily highlighted by *Deribit* data. At 16:00 (UTC+8) on the following day, a staggering **$28.5 billion** worth of cryptocurrency options is set to expire. This includes *Bitcoin (BTC)* options valued at **$25.4 billion**, which exhibit a *maximum pain price* of **$90,000** and a *Put/Call ratio* of **0.95**, indicating a relatively balanced market sentiment. In contrast, *Ethereum (ETH)* options account for **$3.16 billion**, with a *maximum pain price* of **$1,800** and a *Put/Call ratio* of **0.88**, reflecting a slightly more bearish outlook among traders. Such substantial expirations not only influence market volatility but also underscore the growing dynamism within the cryptocurrency ecosystem.

Source: https://en.coinotag.com/breakingnews/over-28-5-billion-in-bitcoin-options-set-to-expire-tomorrow-on-deribit/