Significant Bitcoin (BTC) and Ethereum (ETH) options expirations are slated for today, April 25th. According to Deribit, approximately $7.29 billion in Bitcoin options will expire at 17:00 Korean time. The put/call ratio for Bitcoin is 0.73, suggesting a slightly higher volume of call options versus put options. The "max pain" price, the price at which the most options contracts expire worthless, is $86,000 for BTC. In addition to Bitcoin, $810 million worth of Ethereum options also expire concurrently. The put/call ratio for ETH is 0.74, and the max pain price is $1,900. These large expirations can sometimes introduce volatility into the cryptocurrency market as traders adjust their positions. While the max pain price can act as a magnet, influencing price action toward that level, the overall impact is often short-lived. Market participants will be closely watching to see how these expirations affect Bitcoin and Ethereum prices. ```

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