Bitcoin options worth $2.2B to expire today

Bitcoin options with a notional value of $2.2 billion are set to expire at 8:00 a.m. UTC today, according to data from crypto options exchange Deribit. The batch has a put/call ratio of 0.69 and a max pain price of $67,000, the level at which the most option holders would see their contracts expire worthless. Additionally, Ethereum options worth $290 million will expire at the same time. These have a put/call ratio of 0.62 and a max pain price of $1,750.