Deribit: Over $4.5 billion in Bitcoin and Ethereum options are about to expire, with Ethereum call options concentrated above $4,500

According to Deribit, over $4.5 billion worth of crypto options will expire at 4:00 PM Beijing time on September 5th. Bitcoin options have a notional value of $3.28 billion, a put/call ratio of 1.38, a peak price of $112,000, and open interest concentrated between $105,000 and $110,000, indicating a bearish bias. Ethereum options have a notional value of $1.27 billion, a put/call ratio of 0.78, and a peak price of $4,400. Fund flows are relatively balanced, but bullish options are concentrated above $4,500. The market is focused on whether the expiration will maintain Bitcoin's current price or trigger a breakout.