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Deribit Bitcoin options open interest rises to $31.3B, topping BlackRock IBIT ahead of a $6.25B expiry

first published 2026-05-21T18:45:29Z
Bitcoin Trading
Deribit’s Bitcoin options open interest climbed to $31.3 billion, surpassing BlackRock’s IBIT at $27 billion before a May 29 expiry worth $6.25 billion. The setup includes 80,535 contracts expiring, a put/call ratio of 0.86, heavy positioning at the $75,000 put and $80,000 call strikes, and max pain at $75,000.
AI Analysis
The article reports a very large Bitcoin options expiry and notable positioning at key strikes, including max pain at $75,000, which can influence near-term trading. The signals are mixed, with only a modestly bullish put/call ratio of 0.86 and downside pressure toward $75,000.
Expected Investor Sentiment: Neutral
Potential Market Impact: High
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