The post $2.2 Billion in Crypto Options Expire Today as a Hidden Ethereum Signal Resurfaces appeared on BitcoinEthereumNews.com.

Around 26,700 Bitcoin (BTC) options contracts expire on Friday, April 10, carrying a notional value of roughly $1.9 billion. Another 151,500 Ethereum (ETH) contracts also settle today, worth approximately $332 million. The combined expiry adds up to over $2.2 billion. However, the event is relatively small compared to the record $27 billion quarterly settlement in late 2025 and is unlikely to move spot prices on its own. BTC Options Show Renewed Optimism Above $70,000 This week’s batch of BTC contracts has a put/call ratio of 0.71, indicating more bullish long positions than bearish shorts. Max pain sits around $69,000, according to Deribit, well below the current spot price near $71,759. Bitcoin Expiring Options. Source: Deribit Open interest remains highest at the $80,000 strike on Deribit, with $1.6 billion in bullish bets now dominant. Total BTC options open interest across all exchanges has pulled back to $34 billion following the end of the Q1 expiry cycle. Traders responded to this week’s rebound by buying short-term call options and rolling put positions to higher strike prices. That repositioning reflects a more constructive outlook following BTC’s recovery above $70,000. “Judging by key options indicators, the rebound above $70,000 has clearly boosted market sentiment, primarily by alleviating fears of a black swan-induced crash, rather than reflecting expectations of sustained price gains,” wrote analysts at Greeks.live. ETH Derivatives Flash Rare Bullish Signal On the Ethereum side, max pain sits at $2,050 with a put/call ratio of 0.77. Total ETH options open interest across exchanges stands near $6.6 billion. Ethereum Expiring Options. Source: Deribit Beyond the expiry itself, CryptoQuant analyst Darkfost flagged a recovery signal in ETH derivatives. The Taker Buy Sell Ratio on Binance has moved back into positive territory, with a monthly average around 1.016. The metric has held above 1 for several consecutive…

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Filed under: News - @ April 10, 2026 8:26 am