Bitcoin and Ethereum are under significant pressure as $4.5 billion in options are set to expire on October 3. Data from Deribit reveals that $3.32 billion in Bitcoin options and $963 million in Ethereum options will reach maturity. The Bitcoin Put/Call Ratio stands at 1.15, reflecting a bearish market sentiment, while Ethereum's ratio of 0.93 indicates a more neutral stance. Analysts suggest that market makers might aim to steer Bitcoin and Ethereum towards their maximum pain points of $115,000 and $4,200, respectively, to optimize their positions.