$1.3B Ethereum Options Set to Expire Bearish Pressure Builds

Over 575,000 $ETH options contracts, worth about $1.34 billion, are set to expire on Deribit. The overall put-call ratio currently sits at 0.75, but short-term sentiment is shifting.

In the past 24 hours, put volume has overtaken calls, pushing the ratio up to 1.17 a clear signal that traders are positioning for potential downside as market volatility increases.

The max pain level is positioned around $2,200, which is below the current price of $2,320. This suggests a possible pull toward lower levels as expiry approaches, with the heavier put activity reinforcing bearish expectations.

As traders adjust their positions ahead of expiration, $ETH could face increased selling pressure in the short term.$ETH #Ethereum