tldr; A record-breaking $27 billion crypto options expiry event is taking place, involving 263,000 Bitcoin contracts and 1.25 million Ethereum contracts. The Bitcoin options have a notional value of $23 billion, with a put/call ratio of 0.37 and max pain at $96,000. Ethereum options have a notional value of $3.4 billion, with max pain at $3,100. This event could induce market volatility, though spot markets have remained flat. Analysts suggest post-expiry flows and institutional positioning will be key factors to watch.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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