Q3 expiry is the largest ever on Deribit: ~23B in notional is set to roll off this Friday. 🚀🚀 This expiry comes with heavy positioning around BTC 95K–110K puts and clustered ETH open interest above 4K. With vol suppressed but leverage tilted to the upside, any macro shock could set the tone for Q4. Will record notional lead to calm consolidation or sharp volatility?(Deribit)