faced similar pressure before expiry. More than 175,000 ETH options worth $400 million expire on Deribit today, with a put-call ratio of 0.95. In the past 24 hours, ETH’s volume has moved above call volume. That shift pushed the ratio to 1.17, showing traders adjusted toward possible downside.
Ethereum traded near $2,284 at the time of writing. That placed it below its max pain price of $2,325, while its 24-hour range ran from $2,232 to $2,293. Trading volume fell 45% over the past day. Meanwhile, Ethereum ETFs extended their losing streak to four days, losing nearly $184 million by Thursday.
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Outflows accelerated on April 29. Ethereum ETFs recorded $87.7 million in net redemptions, the largest single-day exit since March 26. Cumulative Ethereum ETF flows stood at $11.9 billion. That figure remained below the mid-January peak of $12.9 billion.
pressure during the same four-day period ending April 30. They lost $476 million, with outflows peaking at $263 million on April 27. Cumulative Bitcoin ETF inflows stood at $58.1 billion. At the same time, the S&P 500 hit a fresh record high of 7,271 after strong technology earnings.
Broader market risks also shaped crypto trading. U.S. PCE inflation reached a three-year high of 3.5%, prompting profit-taking across digital assets. Oil rose to $106 a barrel as the U.S. maintained a naval blockade of the . Reports also said President Donald Trump rejected Iran’s offer to end the standoff. Together, inflation pressure and geopolitical uncertainty kept buyers cautious. As a result, crypto markets faced broad selling before today’s options settlement.