Bitcoin options worth $1.6B to expire today

According to data from crypto options exchange Deribit, Bitcoin options valued at $1.67 billion are set to expire at 8:00 a.m. UTC today. The put/call ratio is 1.03, with a max pain price—the point at which the largest number of options would expire worthless—of $71,500. At the same time, $460 million in Ethereum options will also expire. These have a put/call ratio of 0.94 and a max pain price of $2,250.