Approximately 30,000 Bitcoin options with a notional value of 3.1 billion USD are expiring today. The put/call ratio of 0.48 suggests more call contracts are set to expire, reflecting bullish sentiments.
Alongside Bitcoin, around 168,000 Ethereum contracts worth 543 million USD are also expiring, leading to a total options expiry value of approximately 3.5 billion USD.
Bitcoin’s price stands at 105,000 USD, having dropped 4% from its peak this week, while Ethereum is trading at 3,370 USD, experiencing a 5% rise despite some internal issues.