$9.5 billion worth of Bitcoin and Ethereum options are about to expire, with the maximum pain point for BTC at $90,000.

According to Mars Finance, market sources indicate that over $9.5 billion worth of cryptocurrency options will expire in Beijing time. Bitcoin options have a notional value of $8.27 billion, a put/call ratio of 0.54, and a maximum stop-loss price of $90,000. Ethereum options have a notional value of $1.27 billion, a put/call ratio of 0.74, and a maximum stop-loss price of $3,100. Currently, Bitcoin's price is consolidating around $90,000, with increased demand for downside protection indicating cautious trading, but overall positions remain bullish. Previous reports suggest that cryptocurrency options trading activity has kept Bitcoin's price around $90,000.