COINOTAG reported on August 27 that, per Deribit data, a scheduled options expiry at 4:00 PM Beijing time this Friday will see 102,000 BTC options expire. The aggregate notional value for Bitcoin options is quoted at $11.34 billion, with a Put Call Ratio of 0.79 and a max pain level at $116,000.
The same dataset shows Ethereum options carrying a max pain point of $3,800, a notional value of $3.19 billion and a put/call ratio of 0.76, highlighting concentrated open interest ahead of expiry.
Market participants and liquidity providers routinely monitor max pain, PCR and notional exposures to gauge potential gamma and liquidity dynamics around expiries; these metrics describe position distribution and do not constitute directional forecasts.