$BTC Today, over 3 billion dollars worth of Bitcoin and Ethereum options are about to expire. With 2.5 billion dollars in BTC and nearly 500 million dollars in ETH contracts set to be settled, everyone is watching how these trends will affect market prices. The expiration time is set for 8:00 UTC on Deribit, which may lead to increased volatility in the cryptocurrency market.

A "put/call ratio" of 0.67 indicates that the number of put options (betting on a decrease in Bitcoin prices) exceeds that of call options (betting on an increase in Bitcoin prices). The largest pain point, or the price at which holders experience the most significant losses, is 89,000 dollars.