Today, approximately 29,000 Bitcoin options contracts will expire with a nominal value of around 2.84 billion USD. Although smaller in scale compared to last week, the cryptocurrency market is booming with many assets reaching new price peaks.

A large expiration event worth 9 billion USD will take place at the end of the month. The put/call ratio of Bitcoin contracts this week is 1.1, with the max pain point at 86,000 USD, much lower than the spot price reaching an all-time high of 99,000 USD.

Ethereum also saw 164,000 contracts expire with a nominal value of 550 million USD. The total nominal value of contracts expiring today is approximately 3.4 billion USD. 🌟

The cryptocurrency market has reached a new market capitalization peak of 3.43 trillion USD, with Bitcoin leading at 99,261 USD. Ethereum also surged, reaching 3,375 USD. Positive events such as the approval of options trading for Bitcoin ETFs and the involvement of major institutions have fueled this growth momentum. 🚀