Over $6 billion in Bitcoin and Ethereum options contracts expired on October 24, 2025, potentially increasing market volatility. Bitcoin options showed a balanced positioning with puts slightly outweighing calls, while Ethereum options exhibited stronger demand for calls. Open interest for Bitcoin options reached a record $50 billion on Deribit, with significant interest in $100,000 puts. Ethereum's maximum pain price was $3,950, with the price trading near this level. The expiration may prompt traders to adjust their positions, impacting market dynamics.