Ethereum Options Show Bearish Bias Ahead of Expiry

Ethereum options on Deribit are showing a put-heavy positioning ahead of Friday's expiry, indicating a defensive market stance as ETH prices near key strike levels around $1,875.

This is according to Pluang, which noted that Solana options remain balanced with a slight call bias, while XRP shows mixed signals with bullish open interest but recent put-heavy trading.

The proximity of spot prices to 'max pain' levels suggests potential volatility or price moves toward those strike prices as expiration nears. This positioning highlights cautious sentiment among traders, balancing downside protection with some upside exposure.