$2.3B in BTC options set to expire today

According to crypto options exchange Deribit, about $2.3 billion in Bitcoin options is set to expire at 8:00 a.m. UTC today. The put-to-call ratio is 0.48, and the max pain price, the level at which the largest number of option buyers lose their premiums, is $75,500. At the same time, about $280 million in Ethereum options is also set to expire. The put-to-call ratio is 1.31, and the max pain price is $2,200.