OPTIONS
June 13. $BTC Option expiry worth $3.5B this week, contributed to the current volatility, which has been exacerbated by mounting geopolitical instability.
According to Deriit, of the 27959 BTC option contracts expiring, $2.9B worth will expire worthless (OTM, out of the money).
Still, inspite the setback the put-to-call ratio is 0.91, reflecting a bias to the upside.
As for $ETH . Deribit reports 246849 contracts expiring worth $617.6M, and a put-to-call ratio of 1.14, which indicates people are buying more puts for downside protection.
This volume is significant given how vulnerable markets are to uncertainty and fear, and incidental SELLOFF.
20250613