$1.89 billion notional value of Bitcoin options expires today, with market attention largely focused on U.S. equities.
Source:
x.com
According to Greeks.live data, $1.89 billion in notional value of Bitcoin options expired today, comprising 25,600 BTC options with a Put/Call Ratio of 0.56 and a maximum pain point at $70,500 (with $1.62 billion in notional value); and 155,000 ETH options expired, with a Put/Call Ratio of 0.92, a maximum pain point at $2,000, and $270 million in notional value. Bitcoin experienced a sharp decline this week, briefly approaching $60,000. Due to the rapid drop, both BTC and ETH moved significantly away from their respective “maximum pain” levels. Poor market conditions further dampened already low investor attention—only 6% of options expired this week, with market focus largely centered on U.S. equities.