$3.16 Billion Crypto Options Expiry Puts Bitcoin and Ethereum’s Next Move in Question
BeInCrypto
Over $3.16 billion in Bitcoin and Ethereum options are expiring, leading to trader caution ahead of the holidays.Summary
A major options expiry worth over $3.16 billion for Bitcoin and Ethereum is set to occur on Deribit before Christmas. Bitcoin accounts for the majority, with $2.69 billion expiring, and its max pain level is at $88,000, suggesting range-bound movement unless the price breaks higher. Ethereum has $473 million expiring, with a max pain level of $3,100, and its open interest is more distributed, indicating greater uncertainty. Analysts from Deribit note that positioning suggests patience for both assets as traders await a clearer catalyst amid thinning holiday liquidity. While short-term sentiment is cautious, longer-dated flows into 2026 suggest underlying bullish positioning for a renewed upward phase.
(Source：BeInCrypto)