Deribit: Over $5.3 billion in BTC and ETH options are about to expire, with BTC's biggest pain point at $117,000

According to Deribit data, over $5.3 billion worth of cryptocurrency options are set to expire tomorrow. Of this total, BTC options have a notional value of $4.3 billion, a put/call ratio of 1.12, and a maximum price of $117,000. ETH options have a notional value of $940 million, a put/call ratio of 0.9, and a maximum price of $4,430. Currently, BTC traders are clearly divided between $110,000 put options and $120,000 call options, while ETH fund flows are more bullish.