$1.75B in BTC options set to expire today

According to crypto options exchange Deribit, Bitcoin options worth $1.75 billion are set to expire at 8:00 a.m. UTC today. The put/call ratio stands at 0.81, and the max pain price, the level at which the largest number of option buyers lose their premium, is $67,000. At the same time, Ethereum options worth $340 million are also set to expire. The put/call ratio is 0.82, and the max pain price is $2,000.