Bitcoin options worth $1.9B set to expire today

According to data from crypto options exchange Deribit, Bitcoin options with a notional value of $1.9 billion are set to expire at 8:00 a.m. UTC on Jan. 23. These contracts have a put/call ratio of 0.81 and a max pain price of $92,000. Additionally, Ethereum options worth $347 million will expire at the same time, featuring a put/call ratio of 0.84 and a max pain price of $3,200.