BTC options contracts worth $4.20 billion will expire this week
About $4.20 billion of Bitcoin options and $1 billion of Ethereum options are due to expire this Friday. About $682 million of these Bitcoin options are in "in-the-money" status, mostly call options. The distribution is similar to expiration in the previous quarter. The current put/call ratio for Bitcoin options is 0.62, indicating that the market sentiment is skewed towards optimism. Bitcoin's maximum pain point price is $64,000, and the current trading price is about $67,000, which is above the maximum pain point level. It is worth noting that Ethereum is currently trading at about $2,600, which is just right for its maximum pain point price position.