🟡 Neutral. The expiration is significant and may generate volatility and caution, but positions remain predominantly optimistic and prices stay stable near key levels.

Over $9.5 billion in cryptocurrency options are set to expire, according to market reports. According to ChainCatcher, the nominal value of Bitcoin options is $8.27 billion, with a Put/Call ratio of 0.54 and a maximum pain point of $90,000. Ethereum options have a nominal value of $1.27 billion, a Put/Call ratio of 0.74, and a maximum pain point of $3,100.

Currently, Bitcoin is trading near $90,000, with an increased demand for downside protection, indicating cautious trader sentiment. However, overall positions remain bullish. Previous reports suggest that cryptocurrency options trading activity has kept Bitcoin's price around the $90,000 mark.