Bitcoin and Ethereum options worth $3.6 billion are set to expire on July 4, 2025. Approximately 27,300 Bitcoin options contracts, valued at $3 billion, will expire, with a put/call ratio of 1, indicating balanced positions. The max pain point is at $106,000, with open interest peaking at $115,000, $120,000, and $140,000 strike prices. Additionally, 220,000 Ethereum contracts, valued at $584 million, will also expire. Despite recent volatility, Bitcoin trades above $109,500, while Ethereum hovers near $2,600. Analysts highlight the importance of Bitcoin maintaining above $108,890 for a bullish weekly close.