On April 24, Deribit processed the largest monthly options expiry of 2026, with $9.87 billion in combined Bitcoin and Ethereum options settling. A total of 109,000 Bitcoin contracts, worth $8.55 billion, expired at 08:00 UTC. According to Yahoo Finance, BTC traded above the $72,000 max pain level, meaning most put options expired worthless while call holders profited.
Bitcoin Price Under Pressure, Support Levels Reset After Settlement
BTC currently trades near $77,956 per CoinMarketCap, after dropping from $78,192 to $77,464 earlier. Geopolitical tensions (Iran firing on ships near the Strait of Hormuz) dampened risk appetite. Despite Bernstein maintaining a year-end 2026 target of $150,000, the immediate outlook suggests limited upside: a move to $100,000 would yield roughly 28%, and reclaiming the all-time high of $126,198 remains a long-term goal. Analysts see a late-April range of $72,000 to $82,000, with resistance at $80,000 and support at $72,000.
Pepeto Presale: Low-Price Entry Ahead of Binance Listing
While major coins offer modest gains, Pepeto's presale has attracted attention. Priced at $0.0000001866, the project has raised over $9.45 million and is approaching its Binance listing. Features include a cross-chain bridge for zero-cost asset transfers, PepetoAI for smart contract audits, and a 178% APY staking reward. The total token supply is 420 trillion, mirroring the original Pepe structure that once achieved a billion-dollar market cap. A senior Binance team member is reportedly advising development. Market watchers anticipate a 100x potential after the listing.
The presale ends once Binance trading begins. Compared to Bitcoin's entry at $77,956, Pepeto's presale-to-listing gap offers a multiple that BTC cannot match from current levels. Investors should weigh the high volatility typical of presale projects.
Options Expiry Clears the Path, Focus Shifts
The settlement removed significant positioning pressure, keeping BTC above $77,000. However, large-cap assets already price in institutional demand, leaving limited short-term upside. Low-priced presale projects like Pepeto, with an imminent exchange listing, are gaining market attention. Investors should conduct their own risk assessment.