Around 26,700 Bitcoin (BTC) options contracts expire on Friday, April 10, carrying a notional value of roughly $1.9 billion. Another 151,500 Ethereum (ETH) contracts also settle today, worth approximately $332 million.
The combined expiry adds up to over $2.2 billion. However, the event is relatively small compared to the record $27 billion quarterly settlement in late 2025 and is unlikely to move spot prices on its own.
This week’s batch of BTC contracts has a put/call ratio of 0.71, indicating more bullish long positions than bearish shorts. Max pain sits around $69,000, according to Deribit, well below the current spot price near $71,759.
Open interest remains highest at…
