This week, there are about 89,000 Bitcoin options with a notional value of $5.8 billion expiring.
- The Put/Call ratio is 0.64, indicating that long positions prevail.
- The maximum pain point is $59,000, which is $6,000 below current prices.
There are also 718,000 Ethereum options with a notional value of $1.9 billion expiring.
- The Put/Call ratio is 0.47, the maximum pain point is $2,500.
The total value of expiring options is $7.7 billion, which could significantly impact cryptocurrency markets.