Bitcoin and Ethereum options with a notional value exceeding $17 billion will expire on Friday.

According to Jinse Finance, on October 31 (Friday), crypto derivatives exchange Deribit will see bitcoin and ethereum options contracts worth over $17 billion expire. Among them, bitcoin options contracts include 72,716 call options and 54,945 put options, with a total value of $14.4 billion, set to expire on Friday; on the same day, the value of expiring ethereum (ETH) options contracts is $2.6 billion. As the number of call options far exceeds put options, traders are generally betting that the price of bitcoin will rise before expiration. It is worth noting that the "max pain price" for bitcoin options is $114,000—at this price level, most options contracts will become worthless. This price is significant because market makers can use hedging operations to move the bitcoin price toward this level, especially as the expiration date approaches.