$9.5 billion Bitcoin and Ethereum options are about to expire, with the maximum pain point for BTC at $90,000

According to market news, over 9.5 billion dollars in cryptocurrency options will expire at Beijing time. Among them, the notional value of Bitcoin options reaches 8.27 billion dollars, with a Put/Call ratio of 0.54 and a maximum pain price of 90,000 dollars; the notional value of Ethereum options is 1.27 billion dollars, with a Put/Call ratio of 0.74 and a maximum pain price of 3,100 dollars.

Currently, the Bitcoin price is hovering around 90,000 dollars, with an increased demand for downside protection in the market, indicating a cautious attitude among traders, but overall positions still lean towards bullish. Previous reports suggested that cryptocurrency options trading activities have kept the Bitcoin price suppressed around 90,000 dollars.