$5.3 Billion in Bitcoin and Ethereum Options Expires Tomorrow! These Levels Could Act as Magnets for BTC and ETH!

After a seven-year hiatus, the US government shut down due to an unresolved budget ￰0￱ the uncertainty and volatility brought on by the shutdown continued, the expiration date for options contracts in the crypto market arrived, as it does every ￰1￱ to the second week of October data, approximately $5.3 billion worth of crypto options will expire on the Deribit derivatives exchange on October ￰2￱ to Deribit data, $4.3 billion worth of Bitcoin (BTC) and $940 million worth of Ethereum (ETH) options are set to expire. Accordingly, the Put/Call Ratio of BTC options is 1.12, the maximum loss point is $117,000 and the notional value is $4.3 ￰3￱ we look at Ethereum, ETH options have a 0.9 Put/Call Ratio, a maximum loss point of $4,400, and a notional value of $940 ￰4￱ a post on his Deribit X account, he stated that BTC investors are divided between $110,000 put and $120,000 call options, while ETH flows are more ￰5￱ Expiry Alert Over $5.3B in crypto options are set to expire tomorrow. $BTC : $4.3B notional | Put/Call: 1.12 | Max Pain: $117K $ETH : $0.94B notional | Put/Call: 0.9 | Max Pain: $4,400 BTC traders are split between $110K puts and $120K calls, while ETH flows are more… ￰6￱ — Deribit (@DeribitOfficial) October 9, 2025 What Do Put/Call and Max Pain Mean for Bitcoin and Ethereum?

First, when we look at the put/call ratio, we see that it's 1.12 for BTC and 0.9 for ￰7￱ ratios indicate that sell orders for Bitcoin are greater than buy orders, indicating that options traders are ￰8￱ contrast, the put/call ratio for ETH is 0.9, indicating a more neutral investor sentiment compared to ￰9￱ suggests that options traders are taking positions in anticipation of continued sideways movement in the Ethereum price, according to analysts. Secondly, max pain can often act as a magnet during expiration in options ￰10￱ the options market, maximum pain is the price level at which investors incur the greatest losses and options sellers feel most ￰11￱ other words, it acts as a magnet for the market as contracts ￰12￱ this point, the maximum pain level for Bitcoin was $117,000, while the maximum pain level for Ethereum was $4,400.

As a result, Bitcoin is well above its maximum pain level at $121,000, while ETH is below its maximum pain level at $4,300. This could indicate a decline for BTC and a rise for ETH as the option expiration date approaches. However, it doesn't necessarily mean a definitive rise or fall. *This is not investment ￰13￱ Reading: $5.3 Billion in Bitcoin and Ethereum Options Expires Tomorrow! These Levels Could Act as Magnets for BTC and ETH!