🚨 Options Expiry Alert 🚨 Over 4.2B in BTC and ETH options expire tomorrow at 8:00 UTC on Deribit. BTC: Put/Call: 0.63 | Max Pain: 99K Flows lean toward calls across the upper strikes while downside hedging remains light. Positioning is not signaling a major risk off move but traders are still cautious after the sharp drop this week ETH: Put/Call: 0.77 | Max Pain: 3.2K ETH open interest shows persistent call demand from the mid range upward. Traders are keeping exposure open into expiry which suggests confidence has not fully faded despite the recent volatility. Disclaimer: Deribit FZE is licensed by the Virtual Assets Regulatory Authority (VARA) for virtual asset exchange services, but does not offer derivatives to retail investors. DRB Panama Inc. is unregulated and serves retail and non-retail investors. Virtual assets are highly volatile, carry significant risk, and may lose full value. They are not insured or protected against potential losses.(Deribit)