$2.57B Bitcoin Options and $560M Ethereum Options Expire Tomorrow

Key Points

• Deribit options expiry data is released amidst a volatile crypto market.
• BTC is trading at $99,000 and ETH, above $2,800.

Deribit just released the Bitcoin and Ethereum options expiry data amidst a volatile crypto market.

Bitcoin and Ethereum Options Expiry Details

According to an official post via X, over $3.1 billion in Bitcoin and Ethereum options will expire tomorrow morning at 08:00 (UTC).

$2.57 billion in Bitcoin options will expire with a Max Pain Point of $100,000 and a Put/Call Ratio of 0.6.

Also, $560 million in Ethereum options will expire tomorrow with a Max pain Point of $2,950 and a Put/Call Ratio of 0.45, according to the same data.

Tomorrow’s options expiry data comes amidst a volatile market and the event could add more fuel, according to Deribit.

Today, both Bitcoin and Ethereum have been making ascendant moves.

Bitcoin Trades at $99,000

At the moment of writing this article, BTC is trading above $99,000, up by over 1% in the last 24 hours.

Today, BTC recorded an ascendant trajectory, surging from around $96,000 levels to over $99,000. BTC’s price rally was fueled by multiple factors including Donald Trump’s son, Eric Trump’s support via X, and an overall optimism stemming from increasing BTC adoption and the prospects of establishing a National BTC Reserve in the US.

It’s also worth noting that on February 5, it was reported that BlackRock will launch an ETP linked to Bitcoin in Europe, its first of this kind outside of North America, boosting exposure to BTC in the region.

Also, on-chain new data signals whale accumulation for BTC.

Ethereum also recorded an upward trajectory today.

ETH Is Trading Above $2,800

At the moment of writing this article, ETH is trading above $2,800, up by over 1% in the past 24 hours.

Today, ETH kicked off a price surge from around $2,700, surpassing $2,850 earlier. Yesterday, ETH ETFs recorded their fifth consecutive day of inflows at over $18 million, following a higher inflow day on February 4 at over $307 million, the most significant inflow day since December 5, 2024.

Consistent inflows in ETH ETFs have been supporting the coin’s price surge among other factors.