Bitcoin options worth $1.24B to expire today

According to crypto options exchange Deribit, $1.24 billion in Bitcoin options are set to expire at 8:00 a.m. UTC today, July 17. The put/call ratio is 0.93, and the max pain price—the point at which the largest number of options buyers would lose their premiums—is $63,000. Additionally, $250 million in Ethereum options will expire at the same time. For these, the put/call ratio is 1.71, with a max pain price of $1,825.