🚀 $7.7 Billion in Bitcoin and Ethereum Options Expiry Set to Shake Market 💥

The #cryptomarket faces potential #volatility as $7.7 billion in options for #Bitcoin and #Ethereum expire today. Bitcoin options account for $5.8 billion, while Ethereum's total reaches $1.9 billion.

Data from Deribit shows 89,037 Bitcoin contracts expiring, with a put-to-call ratio of 0.64 and a maximum pain point of $59,000. Ethereum, with 719,130 contracts, has a put-to-call ratio of 0.47, with its maximum pain point at $2,550.

Recent rallies have pushed Bitcoin from $57,000 to $65,075, and Ethereum from $2,278 to $2,625. Traders anticipate further market movement as contracts settle.