Data: Approximately $2.51 billion in Bitcoin and Ethereum options will expire this Friday

According to Deribit data, approximately $2.51 billion in cryptocurrency options will expire this Friday. Among them, the notional value of Bitcoin options is $2.23 billion, with a put/call ratio of 0.68 and a maximum pain point of $66,000; the notional value of Ethereum options is $291 million, with a put/call ratio of 0.62 and a maximum pain point of $1,750.

Despite recent market volatility, positions in both assets still lean towards call options. Bitcoin and Ethereum are both trading above their respective maximum pain points before expiration, with put/call ratios below 1, indicating that the market still favors call options.