[Bitcoin and Ethereum Options Expire Today, Total Value Approximately $14.6 Billion] According to Deribit data, Bitcoin and Ethereum options worth approximately $14.6 billion will expire today. Among them, Bitcoin options have a notional value of $11.7 billion, with a put/call ratio of 0.79 and a maximum pain price of $116,000. Ethereum options have a notional value of $3.2 billion, with a put/call ratio of 0.76 and a maximum pain price of $3,800. Bitcoin open interest is concentrated in the $110,000 to $115,000 range, while Ethereum's capital flow is more balanced, with upward targets at $3,800 and $5,000.