Nominal value of $1.89 billion Bitcoin options expires today, market attention largely focused on US stocks

Odaily Odaily reported that Greeks.live posted on platform X, stating that nominal value of $1.89 billion Bitcoin options expires today, including 25,600 BTC options expiring, with a Put Call Ratio of 0.56, max pain point at $70,500, and a nominal value of $1.62 billion; 155,000 ETH options expiring, with a Put Call Ratio of 0.92, max pain point at $2,000, and a nominal value of $270 million. Bitcoin suffered a sharp decline this week, once approaching $60,000. Due to the rapid decline, BTC and ETH have both moved away from the support of the "max pain point." The poor market conditions have further dampened the already low market attention. Only 6% of options expire this week, with market attention largely focused on US stocks.