BTC options worth $1.7B to expire today

According to data from crypto options exchange Deribit, Bitcoin options with a notional value of $1.7 billion are set to expire at 8:00 a.m. UTC today, March 20. The put/call ratio for these options is 0.96, and the max pain price—the point at which the largest number of options would expire worthless—is $70,000. Additionally, Ethereum options valued at $378 million will expire at the same time, featuring a put/call ratio of 1.02 and a max pain price of $2,150.