Bitcoin and Ether options worth $2.4B set to expire today, max BTC pain at $61K

Data from the Debit exchange reveal that the put-to-call ratio for Bitcoin options contracts is currently at 0.50 with a maximum pain point at $61,000.) options contracts worth a combined $2.4 billion are set to expire on May 3 in a move that may signal increased market volatility.

There are two types of options, namely call options and put options. Call options give investors the right to buy a cryptocurrency at a specific price before a certain date. Put options on the other hand allow investors to sell a cryptocurrency at a specific price before the expiry date

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