Massive Bitcoin Options Expiry: $3.4B Contracts to Settle, Potentially Influencing Market Sentiment and Volatility

A massive Bitcoin options expiry event is unfolding today, with over $3.4 billion worth of contracts set to settle. This could influence market sentiment and potentially spark volatility across the digital asset landscape. A substantial $850 million in Ethereum options are also expiring, making today a key day for crypto traders and investors. The put/call ratio indicates the sentiment of options traders, and the max pain price is a theoretical strike price that can act as a magnet for the underlying asset's price as expiry approaches.