$14.3B worth of BTC options to expire on December 27

$14.3 billion worth of Bitcoin options are set to expire at 08:00 UTC on Dec. 27, according to data from crypto options exchange Deribit. The put/call ratio is 0.69, and the max pain price is $85,000. At the same time on the same day, around $3.75 billion worth of ETH options will mature. The put/call ratio is 0.41, and the max pain price is $3,000. The max pain price is when the cryptocurrency price settles at a specific value as an option nears its expiration date, resulting in financial losses for the largest number of options traders.