BTC options worth $8.5B set to expire today

According to data from crypto options exchange Deribit, Bitcoin options worth $8.5 billion are set to expire at 8:00 a.m. UTC today. The put/call ratio is 0.95, with a reading below one indicating that bullish bets outweigh bearish ones. The max pain price—the level at which the largest number of options buyers would lose their premiums—is $72,000. Additionally, Ethereum options valued at $1.34 billion will also expire at the same time. For these contracts, the put/call ratio is 0.75, and the max pain price is $2,200.