Data compiled by Woofun AI shows that $2.13 billion in notional value of BTC and ETH options are set to expire today. This volume comprises 31,000 BTC options with a notional value of $1.9 billion, a Put Call Ratio of 0.78, and a max pain point of $65,000.

Concurrently, 138,000 ETH options worth $230 million are expiring, featuring a Put Call Ratio of 1.03 and a max pain point of $1,725.

This week’s expiration volume represents 6.5% of total options, a figure lower than the previous week and consistent with recent averages.

Meanwhile, Strategy's sale of Bitcoin and persistent discount pressures have significantly dampened market confidence. These factors have hindered capital inflows, resulting in an overall bearish sentiment across the derivatives market.