Data: Approximately $2.22 billion worth of Bitcoin and Ethereum options will expire this Friday.

According to Mars Finance, market sources indicate that approximately $2.22 billion worth of Bitcoin and Ethereum options will expire this Friday. Bitcoin options have a notional value of $1.84 billion, a put/call ratio of 1.05, and a maximum pain point price of $90,000. Bitcoin open interest is correlated with the spot price range, with a large number of put options below $85,000 and call options gradually increasing between $90,000 and $100,000, creating a "wick risk" around the $90,000 maximum pain point price. Ethereum options have a notional value of $384 million, a put/call ratio of 0.89, and a maximum pain point price of $3,100. Ethereum call options are concentrated above $3,000. If the spot price remains above the maximum pain point price, the position positioning after the options expires may make market makers more sensitive to the continuation of upward price movements.