$ETH According to Deribit, today 27,657 option contracts for 67,118,611,371 Bitcoin are set to expire. The maximum pain point for these contracts is at $81,000, and the put-to-call ratio is 0.86.

Today, 183,468 option contracts for 24,315,515,697 Ethereum are also expiring. The maximum pain point for ETH options is $1,700, and the put-to-call ratio is 0.92.

In options trading, the maximum pain point refers to the price level at which cryptocurrency holders will incur the most significant losses. The put-to-call ratio assesses the prevailing sentiment among investors. A ratio below one indicates that market participants are optimistic and betting on rising prices for Bitcoin and Ethereum.

According to the theory of maximum pain points in options trading, cryptocurrencies often tend to gravitate towards their strike prices, where the most significant number of contracts (both calls and puts) expire worthless.