## Massive Bitcoin Options Expiration Today Today, November 7th, marks a significant day for the Bitcoin market as a staggering $4.7 billion worth of Bitcoin options are set to expire. According to Deribit, a leading crypto options exchange, the expiration is scheduled for 17:00 Korean time. This expiration event carries considerable weight, potentially influencing Bitcoin's price. The put/call ratio for these options is 0.81, indicating a slightly higher volume of call options compared to put options. The "max pain" price, the price at which the most options contracts will expire worthless, is estimated at $108,000. ## Ethereum Options Also Expiring Adding to the excitement, $700 million worth of Ethereum options are also expiring simultaneously. The put/call ratio for ETH options is 0.95, suggesting a more balanced distribution between puts and calls. The max pain price for Ethereum is projected to be $3650. These expirations can lead to increased volatility in the crypto market as traders adjust their positions. Keep a close eye on Bitcoin and Ethereum price movements today! ```