Significant Expiry of Cryptocurrency Options Today

According to market reports, approximately $2.14 billion worth of cryptocurrency options are set to expire today. According to ChainCatcher, Bitcoin options have a nominal value of $1.74 billion, with a put/call ratio of 1.1 and a maximum pain point at $76,000. Ethereum options have a nominal value of $394 million, with a put/call ratio of 0.95 and a maximum pain point at $2,325. Currently, Bitcoin's spot price is aligned with its maximum pain point, while Ethereum is trading below its respective level.