📊 Deribit Options Insight! 💼🔍 Lin Chen, Asia Business Development Manager at Deribit, shares insights with CoinDesk. He notes that Bitcoin and Ethereum (ETH) put options expiring on the 25th at 17:00 KST are predominantly in-the-money. An in-the-money put option indicates the underlying asset's market price is higher than the option's strike price. Holders of 25-day BTC and ETH put options can profit by selling the underlying asset above market price. This is because BTC and ETH prices are currently below the 'Max Payne' price of August options. For a 25-day BTC option, the Max Payne price is $28,000, while for ETH, it's $1,800. On the 25th, Deribit expects 72,000 BTC option contracts worth $1.9 billion and 535,000 ETH option contracts worth $893 million to mature and settle. 📈💰 #DeribitOptions #CryptoInsights #OptionsMarket