$2.51 Billion in Crypto Options to Expire This Friday

A significant amount of cryptocurrency options will expire this Friday, with approximately $2.51 billion in Bitcoin and Ethereum options set to lapse.

According to Deribit data, 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.

This means that despite recent market volatility, positions in both assets still lean towards call options.