PANews reported on November 6th that Deribit stated on its X platform that over $5 billion worth of Bitcoin and Ethereum options will expire tomorrow at 16:00 (UTC+8). Bitcoin options open interest shows that market caution has intensified again after the price fell below $100,000 last week. The most significant price level remains around $108,000, with a put/call ratio of approximately 0.83. Hedging activity is active, but no signs of panic have been observed. Open interest is mainly concentrated on put options at $100,000 and call options between $120,000 and $125,000, reflecting the current market situation for Bitcoin. Ethereum options trading shows that after the recent price drop below $3,700, the market, while cautious, remained generally orderly. The most significant price level was around $3,800, with a put/call ratio of approximately 0.9, indicating a balanced and slightly defensive position distribution. Open interest was concentrated in put options at $3,500 and call options at $4,200, outlining the key trading range for Ethereum.