$1.72B in BTC options set to expire today

According to crypto options exchange Deribit, $1.72 billion in Bitcoin options is set to expire at 8:00 a.m. UTC today. The put/call ratio stands at 0.77, and the max pain price, the level at which the largest number of option buyers lose their premiums, is $77,000. At the same time, $360 million in Ethereum options is also set to expire. The put/call ratio is 0.49, and the max pain price is $2,500.