Bitcoin and Ethereum options with a combined notional value of $2.52 billion expired on September 11, with 29,000 BTC options accounting for $2.24 billion and 114,000 ETH options totaling $280 million. BTC options posted a put-call ratio of 0.6 and a max pain point of $78,000, while ETH options recorded a put-call ratio of 1.17 and a max pain point of $2,450. Bitcoin continued to consolidate around $80,000 after rising to that level late last month, with monthly realized volatility unchanged from last week and monthly implied volatility slightly higher.