$9.7B in BTC options set to expire today

According to crypto options exchange Deribit, Bitcoin options worth $9.69 billion are set to expire at 8:00 a.m. UTC today. The put-to-call ratio stands at 0.29, and the max pain price, the level at which the largest number of option buyers lose their premiums, is $64,000. Ethereum options worth $830 million are also set to expire at the same time, with a put-to-call ratio of 0.62 and a max pain price of $1,850.