Deribit said in a Dec. 11 post on X that more than $4.3B in BTC and ETH options will expire on Dec. 12 at 8:00 UTC on Deribit, with BTC max pain at $90,000.
šØ Options Expiry Alert.
Over $4.3B in BTC and ETH options expire tomorrow at 8:00 UTC on Deribit.$BTC: Put Call: 1.09 | Max Pain: $90K
BTC positioning is tightly centered around the 90K level. Call and put interest sit in near balance, suggesting traders expect a containedā¦ pic.twitter.com/OblyzyUfIN— Deribit (@DeribitOfficial) December 11, 2025
The post flagged a BTC put/call ratio of 1.09 and described positioning as tightly centered around the $90,000 level, with call and put interest in near balance. It also cited ETH max pain at $3,100. Weekly figures indicate roughly 39,000 BTC contracts (about $3.6B notional) and around 247,000 ETH contracts (about $768M notional) are set to roll off in the same expiry window.
With spot trading still range-bound, the operational focus is whether post-expiry hedging flows stay orderly or reintroduce volatility. Market participants will be watching the tape after 8:00 UTC for any break away from the $90,000 clustering in BTC and for signs that ETH demand shifts following the $3,100 max-pain reference.
Source: Deribit (X post).
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
