Deribit: $8 billion of BTC and ETH options are about to expire, and BTC’s biggest pain point is $85,000

Deribit's Head of Asia-Pacific, LinChen, stated that this Friday (April 25) at 4 PM will see the expiration of Bitcoin (BTC) and Ethereum (ETH) options for April. At that time, BTC will have $7.2 billion in positions expiring, with the current put/call ratio at 0.73, the maximum pain point at $85,000, and the current price at $92,735, indicating a significant victory for call option buyers. Simultaneously, ETH will have $800 million in positions expiring, with the current put/call ratio also at 0.73, the maximum pain point at $1,900, and the current price at $1,769, showing a slight advantage for ETH put option buyers.