Deribit is poised for a significant options expiry, with over $5.3 billion in Bitcoin (BTC) and Ethereum (ETH) options set to expire. BTC options account for $4.3 billion of this total, featuring a put/call ratio of 1.12 and a maximum pain point at $117,000. Traders are notably split between $110,000 put options and $120,000 call options. Meanwhile, ETH options, valued at $940 million, show a put/call ratio of 0.9, with a maximum price of $4,430, indicating more bullish sentiment in capital flows.