Deribit: $3.9 Billion in BTC and ETH Options Set to Expire, with BTC Max Pain Point at $106,000

According to official information from Deribit, approximately $3.9 billion in crypto options will expire tomorrow. Of this, BTC options have a notional value of $3.3 billion, with a put/call ratio of 1.16 and a max pain price of $106,000. ETH options have a notional value of $546 million, a put/call ratio of 0.68, and a max pain price of $2,600. Currently, BTC options show a more balanced position distribution near the max pain point, while ETH options reflect a more optimistic market outlook due to the dominance of call options.