$ETH Today (29), more than $10 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire.

Market watchers are paying close attention to this event due to its potential to influence short-term trends through contract volume and national value. Examining put-to-call ratios and breakeven points can provide insights into traders’ expectations and potential market directions.

Bitcoin and Ethereum Options Expire Today

The notional value of BTC options expiring today is $9.47 billion. According to data from Deribit, these 98,309 expiring Bitcoin options have a put-to-call ratio of 0.84. This ratio suggests a prevalence of call options over put options.

The data also reveals that the breakeven point for these expiring options is $80,000. In crypto options trading, the loss point is the price at which most contracts expire worthless. This is where the asset will cause the most financial losses to holders.