According to recent data from Deribit, the upcoming quarterly expiration for Bitcoin options is set to be the largest on record, with an estimated nominal value of $14 billion scheduled to expire next Friday. The put-call ratio stands at 0.7, indicating a predominance of call options over puts, which may influence market dynamics ahead of the expiration. Additionally, the max pain point is identified at $100,000, suggesting this price level could act as a focal point where option holders experience the greatest financial loss. Market participants should closely monitor these metrics as they provide critical insight into potential price movements and investor sentiment during this significant options expiry event.