BTC options worth $2.2B to expire today

According to data from crypto options exchange Deribit, Bitcoin options with a notional value of $2.2 billion are set to expire at 8:00 a.m. UTC today, March 6. The put/call ratio for this batch is 1.70, with a max pain price of $69,000. Additionally, Ethereum options worth $397 million will expire at the same time. These options have a put/call ratio of 0.89 and a max pain price of $1,950.