$2.54B Bitcoin Options and $316M Ethereum Options Expire Tomorrow

Key Points

• Over $2.85 billion in Bitcoin and Ethereum options expire tomorrow.
• BTC is trading above $94,000, and ETH trades above $1,800.

Deribit released the Bitcoin and Ethereum options expiry data, revealing that over $2,85 billion in crypto options are set to expire tomorrow morning.

Bitcoin and Ethereum Options Expiry Data

In a post on X, Deribit revealed that the BTC and ETH options will expire tomorrow morning at 08:00 (UTC).

$2.54 billion in BTC options will expire with a Put/Call Ratio of 0.95 and a Max Pain Point of $90,000. Also, $316 million in Ethereum options will expire with a Put/Call Ratio of 0.88 and a Max Pain Point of $1,800.

Today, BTC trades above the Max Pain Point, while ETH is trading around its Max Pain Point.

Options Expiry Alert
At 08:00 UTC tomorrow, over $2.85B in crypto options are set to expire on Deribit.$BTC: $2.54B notional | Put/Call: 0.95 | Max Pain: $90K
$ETH: $316M notional | Put/Call: 0.88 | Max Pain: $1,800

Market shows strong BTC call stacking above $95K, what… pic.twitter.com/imA4XY34Eq

— Deribit (@DeribitOfficial) May 1, 2025

Bitcoin and Ethereum Price Trajectories

BTC Trades Above $94,000

At the moment of writing this article, BTC is trading in the green and the digital asset is priced above $94,000.

BTC price recovered today following a drop on April 30 at $93,000 levels, topping $95,000 earlier.

Yesterday, BTC ETFs in the US recorded their first day of outflows at over $56 million, following a streak of 8 consecutive days of inflows, according to data from SoSoValue.

Yesterday, only BlackRock’s IBIT recorded inflows at over $267 million, while Fidelity’s FBTC saw outflows of over $137 million, Ark Invest and 21Shares’ ARKB recorded outflows of over $130 million.

Grayscale’s GBTC saw outflows of almost $32 million, and Bitwise’s BITB recorded outflows of over $23 million. The other BTC ETFs did not record any outflows or inflows.

ETH Trades Above $1,800

At the moment of writing this article, ETH is also trading in the green, and the digital asset is priced above $1,800.

Today, the ETH price has also recovered from a price drop to $1,700 levels on April 30. ETH ETFs recorded outflows as well yesterday at $2.3 million, following 4 consecutive inflow days.

Despite the fact that this was a volatile week for the crypto market, Bitcoin managed to hold its price above $90,000. We’ll see how tomorrow’s options expiry on Deribit will affect the market.