BTC and ETH Options Worth $17.7B Set to Expire Friday Amid Weak Sentiment

Greeks.live data show 116,000 BTC options and 2.06 million ETH options expiring on Friday, with Put/Call Ratios of 0.76 and 0.77, maximum pain points at $75,000 and $2,200, and notional values totaling $17.7 billion. Adam, an analyst at Greeks.live, noted Bitcoin briefly touched $60,000 in early February and has since consolidated weakly above that level, while options representing 20% of total open interest are due to expire and Bitcoin open interest stands at a multi-year high. This week's rebound pushed implied volatility to 47% for Bitcoin and 65% for Ethereum, with trading dominated by large-volume call options and Skew broadly recovering to suggest emerging bullish sentiment, though Adam added the market remains in a bear phase with no clear catalysts or capital inflows and that true panic selling may not yet have occurred.