$1.7B in BTC options to expire today

According to crypto options exchange Deribit, $1.7 billion worth of Bitcoin options are set to expire at 8:00 a.m. UTC today. The put/call ratio is 1.1, and the max pain price—the point at which the largest number of options buyers would lose their premiums—is $76,000. A ratio above one indicates that bearish bets outweigh bullish ones. Additionally, $396 million in Ethereum options will expire at the same time. These options have a put/call ratio of 0.95 and a max pain price of $2,325.