Deribit: Approximately $2.5 billion in BTC and ETH options will expire tomorrow, with the maximum pain point for BTC at $85,000

Deribit officially announced that approximately $2.5 billion in crypto options will expire tomorrow (April 4th, 16:00 Beijing time). Among them, the notional value of Bitcoin (BTC) options is about $2.16 billion, with a Put/Call ratio of 1.27 and a maximum pain price of $85,000; the notional value of Ethereum (ETH) options is about $371 million, with a Put/Call ratio of 1.31 and a maximum pain price of $1,850.

Although market volatility this week is relatively calm compared to last week's quarterly expiration, position adjustments remain crucial.