Bitcoin (BTC) heads into Friday’s monthly options expiry after a sharp correction that sent BTC down 35% to $81,000 before recovering to $87,000. The correction has made the options market a focal point again, especially with positioning turning more defensive. According to Deribit data, a total of 153,778 BTC is set to expire, broken down by 92,692 BTC in call open interest and 61,086 BTC in put open interest. Which represents a combined notional value of roughly $13.3 billion and a put call ratio of 0.6 ...

According to Deribit data, over $5.3 billion in crypto options are set to expire tomorrow. BTC options total $4.3 billion in notional value with a Put/Call ratio of 1.12 and a max pain price of $117,000, while ETH options total $940 million with a Put/Call ratio of 0.9 and a max pain price of $4,430. BTC traders remain divided between $110K puts and $120K calls, while ETH flows show a more bullish bias. https://t.co/f72lKcsP8z ...