BTC options worth nearly $3.14B to expire on June 6

Nearly $3.14 billion worth of Bitcoin (BTC) options are set to expire at 08:00 UTC on June 6, according to data from crypto options exchange Deribit. The put/call ratio is 0.71, and the max pain price is $105,000. At the same time on the same day, around $580 million worth of Ethereum (ETH) options will mature. The put/call ratio is 0.64, and the max pain price is $2,600. The max pain price is when the cryptocurrency price settles at a specific value as an option nears its expiration date, resulting in financial losses for the largest number of options traders.