Bitcoin and Ether Options Worth Nearly $11.7 Billion Set to Expire Friday

Nearly $11.7 billion in Bitcoin and Ether options contracts are scheduled to settle this Friday at 4:00 a.m. ET (08:00 UTC). Bitcoin leads the expiry with approximately 135,000 contracts on Deribit valued at roughly $10.92 billion. These Bitcoin contracts feature a maximum-pain strike price of $78,000 and a put-call ratio of 0.53, indicating a heavy concentration of call options. Concurrently, Ether options carrying a notional value of around $776 million will expire with a max-pain level of $2,500 and a put-call ratio of 0.77.