Approximately $1.45 billion in Bitcoin and Ethereum options are scheduled to expire today on Deribit at 16:00. The Bitcoin options account for about $1.23 billion of this total, with a put/call ratio of 0.86 and a max pain point of $62,500. Meanwhile, Ethereum options represent around $218 million, with a put/call ratio of 1.54 and a max pain point of $1,750. Deribit anticipates that this expiry will enhance market liquidity and volatility, offering favorable conditions for short-term options trading.