Data: The nominal value of $1.89 billion in Bitcoin options expiration has drawn significant market attention, largely focused on U.S. stocks

According to data from Greeks.live, $1.89 billion in nominal value Bitcoin options are set to expire, with 25,600 BTC options expiring, a Put Call Ratio of 0.56, and a maximum pain point of $70,500, with a nominal value of $1.62 billion; 155,000 ETH options are expiring, a Put Call Ratio of 0.92, a maximum pain point of $2,000, with a nominal value of $270 million.

This week, Bitcoin experienced a sharp decline, nearing $60,000 at one point. Due to the rapid drop, both BTC and ETH moved away from their "maximum pain" support levels. The poor market conditions have exacerbated the already low market attention, with only 6% of options expiring this week, and market focus largely concentrated on U.S. stocks.