Today, nearly $4 billion worth of Bitcoin and Ethereum options are set to expire, and market watchers are paying close attention to this event. The notional value of expiring Bitcoin options is $3.19 billion, and the put-to-call ratio suggests a prevalence of purchase options. The maximum pain point for these options is $100,000. Additionally, 173,830 Ethereum contracts are expiring with a notional value of $574.8 million and a put-to-call ratio of 0.47, with a maximum pain point of $3,300. The current market prices for Bitcoin and Ethereum are above their respective maximum pain points, which could signify losses for option holders. These expiring contracts come amidst President Trump's executive order to create a digital asset stockpile and establish a cryptocurrency work group and a federal regulatory framework. The expiration of options and these developments could inspire volatility in the market. Analysts observe increased interest in purchasing options contracts as Bitcoin's momentum weakens. However, the market is expected to remain range-bound until there is more clarity on economic data and the Federal Open Market Committee meeting next week.



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