$2.2B in BTC options set to expire today

According to crypto options exchange Deribit, Bitcoin options worth $2.21861 billion are set to expire at 8:00 a.m. UTC today. The put/call ratio stands at 0.61, and the max pain price, the level at which the largest number of option buyers lose their premiums, is $78,000. Ethereum options worth $277.37 million are also set to expire at the same time. The put/call ratio is 1.16, and the max pain price is $2,450.