According to ChainCatcher, market sources indicate that over $9.5 billion worth of crypto options will expire in Beijing time. This includes Bitcoin options with a notional value of $8.27 billion, a put/call ratio of 0.54, and a maximum stop-loss price of $90,000; and Ethereum options with a notional value of $1.27 billion, a put/call ratio of 0.74, and a maximum stop-loss price of $3,100.
Bitcoin's price is currently consolidating around $90,000, with increased demand for downside protection indicating cautious trading sentiment, but overall positioning remains bullish. Previous reports suggested that cryptocurrency options trading activity has kept Bitcoin's price around $90,000.
