deribit

🚨BITCOIN OPTIONS: $74K SPOT, $79K MAX PAIN — WHAT COMES NEXT?

Bitcoin options markets are revealing important positioning signals following the latest U.S. inflation data.

DERIBIT OPTIONS SNAPSHOT

November 11, 2026 | 02:00 UTC
• BTC spot: approximately $74,021
• DVOL: 39.9
• Put/Call open interest ratio: 0.74
• November 27 expiry: approximately 80,000 BTC in open interest
• November 27 Max Pain: $79,000
• December 25 expiry: approximately 142,000 BTC in open interest

WHAT DO THESE NUMBERS TELL US?

VOLATILITY EXPECTATIONS

DVOL near 40 reflects the market-implied level of BTC volatility over approximately 30 days.
It does not predict whether Bitcoin will rise or fall.

PUT/CALL POSITIONING

A ratio of 0.74 indicates more call than put open interest.
However, this does not automatically mean bullish positioning. Options can be sold, hedged or combined into complex strategies.

NOVEMBER 27 EXPIRY

The estimated $79K Max Pain level is above the reported BTC spot price.
But Max Pain is a theoretical settlement metric, not a guaranteed price target.

YEAR-END EXPOSURE

The December 25 expiry carries substantial open interest, making year-end positioning another important factor.

BITCHOICE | SATYA PERSPECTIVE:

Options open interest reveals where market exposure is concentrated, not where Bitcoin must trade next.
Watch 25-delta skew, implied volatility, changes in open interest and spot liquidity to assess whether downside hedging is intensifying.
A sustainable BTC recovery requires genuine demand, not simply a favorable options expiry structure.

#OptionsRadar #Bitcoin #BTCOptions #Deribit $BTC

🚨 BINANCE AND DERIBIT REMOVE SIGNALPLUS API KEYS

Binance and Deribit removed API keys connected to SignalPlus after the platform reported a potential security issue.

Both exchanges said their own systems were unaffected, and Deribit reported no evidence that its systems or data had been compromised.

The incident highlights why third-party trading integrations deserve careful security checks.

🔐 Crypto security is not just about exchanges — connected services matter too.

#Binance #Deribit #SignalPlus #CryptoSecurity $BTC

Deribit has approximately $2.86 billion in options expiring on November 6 at 16:00 Beijing time: $BTC and $ETH . Positions on the two sides are almost opposite. Bitcoin has a notional value of $2.64 billion, with a put/call ratio of 0.38. Call positions are concentrated at $82,000 and $85,000, and max pain is $79,000. Ethereum has a notional value of $224.5 million, with a ratio of 1.27. Puts outnumber calls, with a sizable concentration around $2,100; max pain is $2,350.

At the same expiry, one side is betting on a rally while the other is buying downside protection. Bitcoin’s notional is far larger than Ethereum’s, so the “bullish” characterization mainly reflects Bitcoin’s positioning and doesn’t represent the entire market.

After settlement at 16:00, what’s more worth watching is what happens to those calls between $82,000 and $85,000: will they be rolled over to next month or closed out?

#比特币期权 #以太坊期权 #Deribit

Coinbase just opened the door US institutions have been waiting for.

Coinbase Prime now gives eligible US institutions regulated access to global crypto options and perpetual contracts, sourced from Deribit liquidity and offered through Coinbase Financial Markets, a CFTC-registered futures commission merchant.

That matters because, until now, US institutions wanting Deribit-level derivatives depth had to go offshore, juggle multiple counterparties, and fragment collateral. Now $BTC , $ETH and USDC can be posted as collateral on one Prime platform, across 20+ assets including SOL, XRP, AVAX and HYPE, inside a compliant US framework.

This is market structure, not hype. Deribit carries over $30B in Bitcoin options open interest, and plugging that depth into the largest US exchange gives institutions a regulated route to hedge, generate yield, and position through volatility, right as post-election markets reprice risk.

The honest risk: this is institutions-only, eligibility and jurisdiction-gated, not retail access. Derivatives amplify losses as fast as gains, and deeper derivatives access can also mean sharper liquidations when volatility spikes. Access does not equal safety.

Still, the direction is clear: US crypto derivatives are going regulated and onshore, and the institutions arriving now are building positions, not watching from the sidelines.

📌 Sharing personal opinions only, not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.

#Coinbase #Deribit #Crypto #Binance

Binance and Deribit suspend SignalPlus API keys due to security concerns

- Binance and Deribit have suspended the API keys of the SignalPlus trading platform
- Potential security risks prompt exchanges to disable APIs to protect users
- Binance advises traders not to reconnect their APIs until the issue is resolved
#BinanceSquare #CryptoNews #Deribit #SignalPlus #API Security

$btc $eth

vlikevn Titanbot

Source: CoinGape

Security Alert: Deribit has proactively removed API keys linked to SignalPlus from some accounts.

SignalPlus proactively notified Deribit of a potential security risk. Deribit then took precautionary measures and revoked the API keys connecting SignalPlus to the affected user accounts. The investigation so far has found no signs that Deribit's own systems or data were affected; the risk appears to be concentrated in the third-party connection.

The immediate impact is that trading, market monitoring, and automated strategies running through SignalPlus have all stopped. Users of these services should be aware of any position exposure left behind by the interruption.

Deribit's recommendations for checking and restoring access:
1. Log in to the Deribit platform directly and check for any unusual open orders, current positions, or recent account activity;
2. Don't rush to create new keys until SignalPlus confirms the risk has been resolved and the connection can be restored;
3. Be sure to enable IP allowlisting for any new API keys, and enable two-factor authentication (2FA) on your account.

This kind of incident is another reminder to follow the principle of least privilege for API keys: don't enable withdrawals unless necessary, and treat IP allowlisting plus 2FA as a basic line of defense. No matter how convenient a third-party tool may be, an API key is still an entry point in someone else's hands. Regular key rotation and limit management are essential.

#Deribit #SignalPlus #Cybersecurity

Security Alert: Deribit Preventively Removes API Keys Connected to SignalPlus

After SignalPlus notified Deribit of a potential security risk, Deribit took preventive measures and removed API keys connecting to SignalPlus from affected user accounts. Deribit said its investigation so far has found no impact on its own systems or data, but all trading, monitoring, and automated operations running through SignalPlus have been stopped.

If you are using the affected services, we recommend checking the following immediately:

1. Log in directly to the official Deribit platform and review open orders, positions, and recent account activity to confirm there have been no unusual actions;
2. Until SignalPlus officially confirms that connections can be restored, do not create new keys for now, to avoid exposing yourself to risk again;
3. When restoring the connection, make sure to enable an IP whitelist for the new key, turn on two-factor authentication for your account, and follow the principle of least privilege by granting only the permissions required for your strategy.

An API key is like a second key to your account. If a third-party tool is compromised, the risk can directly affect your funds. Limiting permissions, binding IP addresses, and rotating keys regularly should be part of your everyday security practices—not actions taken only after an incident.

#Deribit #API安全 #CryptoSecurity

U.S. institutions finally have an official route to global crypto options liquidity — without leaving the U.S. regulatory umbrella.

The facts: Coinbase Prime announced on Nov. 4 that eligible U.S. institutions can now access Deribit options and perpetuals — across more than 20 assets, including BTC, ETH, SOL, XRP, AVAX, and HYPE — through Coinbase Financial Markets, a CFTC-registered futures commission merchant and NFA member (reported by The Defiant, Crypto-Economy, and Coinfomania on Nov. 4). Accepted collateral: BTC, ETH, and USDC, with additional assets to follow. One important note: Deribit itself does not serve the U.S. directly — this is an indirect route through a regulated U.S. entity, following Coinbase International’s migration to Deribit on Oct. 1.

My take: this is infrastructure news, not news about tomorrow’s prices. What’s changing is that institutions can now hedge and manage their global derivatives books from a single Prime platform, with consolidated reporting. But don’t overlook two limitations: first, this is only for eligible institutions — U.S. retail traders still can’t access it. Second, shared liquidity doesn’t mean a single margin pool (as The Defiant noted) — so don’t interpret this as one giant margin pool. Meanwhile, BTC is still moving sideways around $80,500.

What I’m watching next: whether U.S. institutional options volume actually shifts to this route, whether the list of eligible collateral expands, and when — or whether — U.S. retail traders follow.

What do you think: are regulated routes like this more important for institutional adoption than ETFs, or do ETFs remain the main gateway?

This is my analysis, not financial advice — always DYOR.

#Coinbase #Deribit $BTC $ETH

Institutional derivatives have a new gateway
Coinbase Prime taps into Deribit liquidity

Available to institutions in the U.S. and other eligible regions
Access regulated global crypto options and perpetuals
U.S. and global traders share a unified liquidity pool
More than 20 underlying assets, including BTC, ETH, SOL, and XRP
Collateral accepted: BTC, ETH, and USDC
More assets to be added later

The legal structure uses a CFTC-registered futures commission merchant
Deribit does not directly serve U.S. clients
Liquidity is being “brought” into a compliant gateway
Rather than sending U.S. retail traders directly to an offshore exchange

Once options and perpetuals become easy for institutions to use
Basis trades, volatility surfaces, and hedging orders
will all become more active
Spot volatility may not ease immediately
But the routing of large orders will change

$BTC $ETH
#CoinbasePrime #Deribit #期权 #Perpetuals

Deribit has a sizable options expiry coming up

Breakdown
About 134,000 Bitcoin options
Around $10.48 billion in notional value
About 346,000 Ethereum options
Around $750 million in notional value

Bitcoin
Put-call ratio: around 0.53
Max pain: around $78,000
Ethereum
Put-call ratio: around 0.73
Max pain: around $2,400

Max pain is not a price target;
it is simply a mathematical point based on options sellers’ payoff distribution.
Volatility can be amplified around expiry.
Don’t mistake notional value for an amount that will inevitably be dumped on the market.

Event-driven trading on top of expiry positioning.
Size positions according to what you can handle.
Figures are subject to updates from Deribit.

$BTC $ETH
#期权到期 #Deribit #MaxPain

This Friday, $11.7 billion worth of BTC and ETH options expire — and their “max pain” levels don’t align with current prices.

The facts: On Deribit, around 135,000 BTC options contracts worth $10.92 billion expire on Friday, Oct. 30, at 15:00 WIB, with a max pain level of $78,000 and a put/call ratio of 0.53. At the same time, $776 million worth of ETH options expire, with a max pain level of $2,500 and a put/call ratio of 0.77. That’s nearly $11.7 billion in total. (Deribit data via PANews, confirmed by KuCoin and Phemex, Oct. 28.)

My take: max pain isn’t a price target — it’s the level at which the most options expire worthless, benefiting option sellers the most. A put/call ratio below 1 means there are more call contracts than puts, but that’s not a purely bullish signal: calls can be sold or used as a hedge. The contrast is interesting: BTC is currently around $81,469, above its $78,000 max pain level, while ETH is around $2,368, below its $2,500 max pain level. And the timing is layered: the Fed decision early tomorrow morning, Oct. 29 at 01:00 WIB, comes before Friday’s expiry.

What I’m watching: whether BTC holds above $80,000 through the Fed decision, and whether volatility heats up ahead of Friday’s settlement — not whether prices get “pulled” toward max pain, because there’s no fixed rule that says they will.

Do you think an expiry this large is more likely to shake the market through position adjustments, or simply pass by because most contracts expire worthless anyway?

This is my analysis, not financial advice — always DYOR.

#OpsiKripto #Deribit $BTC $ETH

$10.5 billion in options expiration is looming, yet Bitcoin's volatility is as quiet as a mouse.

On June 26, Deribit’s quarterly options are expiring, involving over $10 billion in open contracts. But the implied volatility is only 42%. Deribit’s CCO mentioned that while this is historically low, it’s not exactly a fire sale.

To make matters worse, 78% of the call options are out of the money, and BTC has already dropped 12% this month, now stuck between $60,700 and $65,000. Polymarket has pegged the probability of being below $56K at 99.75%… it’s clear how bearish the market is.

However, low implied volatility doesn’t necessarily mean actual volatility is low. The dealer hedging on expiration dates tends to amplify price swings in the short term. Instead of guessing the direction, it’s smarter to keep an eye on liquidity changes near key strike prices. #BTC #Bitcoin

#BTC #Bitcoin #Deribit

Deribit Secures a Dubai VARA Brokerage Trading License—A Step Worth Watching.

As Coinbase’s crypto options platform, Deribit’s most direct change after obtaining this license is that spot orders will be routed to the Coinbase exchange. The logic is straightforward: by leveraging Coinbase’s deep liquidity, Deribit customers can access better execution prices and a wider range of assets.

From a regulatory perspective, Dubai’s VARA has been actively building a compliance framework for virtual assets in recent years. Earning a brokerage trading license further strengthens Deribit’s compliant standing in the Middle East. For institutional clients, operating under a license is often more appealing than running “bare” (unregulated/without proper authorization), especially as concerns around capital safety and compliance reviews become increasingly stringent.

For traders, the most tangible upside is liquidity. With an options platform combined with spot routing, it can theoretically reduce the cost of cross-platform arbitrage and improve the overall trading experience.

#Deribit #Coinbase #DubaiVARA

Deribit Secures VARA Brokerage Trading License in Dubai; Spot Orders Routed to Coinbase Crypto Options Platform Deribit has announced that it has been granted a brokerage trading license by the Dubai Virtual Assets Regulatory Authority (VARA), marking another important milestone in its global compliance roadmap. With this license, Deribit can officially enhance its spot trading services and route order flow to the Coinbase exchange. This means Deribit’s customers will directly benefit from Coinbase’s deep liquidity pools, gaining access to more trading pairs and hundreds of new assets. Notably, this is a landmark step toward the operational integration of the two businesses following Coinbase’s acquisition of Deribit. Deribit focuses on the options and derivatives segment, while Coinbase has strong spot liquidity and a global user base; the synergy between the two is now accelerating. For the industry, the release of the Dubai VARA license sends a clear signal: the Middle East is becoming a hotspot where both traditional and crypto financial institutions are racing to expand, and the compliance process continues to deepen. It remains to be seen whether Deribit can attract more institutional clients with its new license, and whether Coinbase can further increase its share in the derivatives market—both are worth ongoing monitoring.#Deribit #Coinbase #VARA

Deribit (#Deribit ): On June 26th, the expiry (#expiration ) of options contracts (#options ) on Bitcoin$BTC and Ethereum$ETH will hit a total value of $11.2 billion.
This event usually amps up market volatility before and after the expiry, as big traders and market makers adjust their positions and hedge against risks.

Deribit, a cryptocurrency derivatives exchange, announced plans to stop publishing public daily Proof of Reserves on September 1, 2026, and to take down its public Proof of Reserves page.

According to official disclosures, approximately 90% of clients’ assets have already been migrated to Coinbase for custody. This move means Deribit will no longer publicly disclose its reserve proof data, and discussions in the market about exchange transparency may heat up again.

As an important tool for strengthening user trust after black swan events, reserves proof suddenly stopping its public release is bound to draw attention from the community. For users, transferring asset custody rights to major compliant institutions may, on the one hand, improve asset security, but on the other hand, it also means the exchange’s own transparency declines to some extent.

$BTC $ETH $SOL

#Deribit #储备证明 #Crypto exchange

$BTC Bitcoin Options Expiry Sparks $75K Price Risk Ahead of May 29 Settlement


A massive wave of Bitcoin options is set to expire on Deribit on May 29, with nearly 80,535 contracts worth around $6.25 billion heading toward settlement. Traders are closely watching the market as key strike prices reveal growing tension between bullish momentum and downside risk.

Data shows the largest concentration of put options sits at the $75,000 strike, carrying a notional value of approximately $394 million. On the bullish side, the $80,000 call strike dominates with nearly $532 million in open interest, signaling that many traders still expect Bitcoin to push higher.

The current put/call ratio stands at 0.86, reflecting a slightly bullish market sentiment overall. However, analysts warn that the “max pain” level — the price point where the largest number of options expire worthless — is currently around $75,000, roughly $2,000 below Bitcoin’s current trading price.

This setup increases the possibility of price pressure pulling Bitcoin toward the $75K zone as expiry approaches. With billions of dollars on the line, volatility could rise sharply in the coming days as traders reposition ahead of settlement.

#Bitcoin❗ #CryptoMarkets #BTCOptions #Deribit #BitcoinTrading

Just refreshed: Deribit officially announced the largest product expansion in history—adding 90+ USDC-settled perpetual contracts at once, covering crypto, US stocks/ETFs, commodities, the COIN50 index, and even private placements/Pre-IPO valuation-type contracts.

Along with the matching engine upgrade, the official statement says the goal is deeper liquidity, faster execution, and tighter spreads; the perpetuals for stocks/ETFs/commodities/Pre-IPO are launched under Dubai’s VARA limited license.#Deribit #Perpetual

Deribit secures a VARA broker-dealer license in Dubai, meaning the options platform now owned by Coinbase is expanding its footprint from derivatives into spot trading.

In short, three things:

1. License value: VARA’s Broker-Dealer Licence is a scarce resource in the Middle East. Licensed firms can directly match spot orders and provide custody-related services—going further than simply registering on VARA.

2. Business synergy: Deribit’s spot orders will be routed to the Coinbase exchange, where Coinbase provides liquidity. This means that in the future, Deribit users will be able to trade hundreds of spot assets listed on Coinbase directly within their options accounts, with cross-account settlement.

3. Strategic intent: The UAE is becoming a global hub for crypto compliance, with leading platforms flocking to obtain licenses. Deribit’s decision to stack spot trading on top of its options advantage is essentially leveraging a single license to tap into the Middle East’s full spectrum of institutional demand. For major assets such as $BTC , $ETH , and others, this is a long-term positive for derivatives depth.

The compliance narrative remains the core theme of this cycle. #Deribit #VARA #Coinbase