Golden Finance reports that, according to Deribit, Bitcoin and Ethereum options worth $14.6 billion will expire today, among which: Bitcoin: Notional value of $11.7 billion, put/call ratio of 0.79, maximum pain point price of $116,000 Ethereum: Notional value of $3.2 billion, put/call ratio of 0.76, maximum pain point price of $3,800 The open interest (OI) for BTC is mainly concentrated in the $110,000 – $115,000 range; ETH's capital flow is relatively balanced, with upward targets at $3,800 and $5,000.