Over $5.8 billion in Bitcoin and Ethereum options set to expire today
Today, a large amount of Bitcoin and Ethereum options worth $5.79 billion is set to expire. This includes $4.68 billion in Bitcoin options and $1.11 billion in Ethereum options. Traders are paying close attention to the put-to-call ratios and the max pain points. For Bitcoin, the max pain point is much higher than its current price. This could lead options sellers to push prices up as the expiration date approaches.