Approximately $5.79 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today. This event is being closely watched as it has the potential to impact short-term market trends. The notional value of the expiring BTC options is $4.68 billion, with a put-to-call ratio of 0.71, suggesting a prevalence of purchase options. The maximum pain point for these options is $96,000. Similarly, 527,277 ETH options contracts are expiring, with a notional value of $1.109 billion, a put-to-call ratio of 0.52, and a maximum pain point of $3,000. This week's expiring options are significantly higher in number compared to last week, indicating monthly trading patterns among institutional traders and funds. Market sentiment is bearish, and some traders are repositioning to more defensive strategies. Some traders are hedging against declining prices, while the max pain prices for both BTC and ETH are currently above their market values.



Other News from Today