Bitcoin Options Market Braces for $16 Billion Expiry

Approximately $16.53 billion in Bitcoin and Ethereum options are set to expire on Deribit today. The Bitcoin portion accounts for roughly $14.4 billion in notional value, with a max pain price of $78,000 and a put/call ratio of 0.84. This expiry follows a volatile week for Bitcoin, which is currently trading near $84,000. Deribit recently upgraded its trading infrastructure, implementing a 10-millisecond speed bump and improving matching engine latency.