Data compiled by Woofun AI shows that approximately $2.51 billion in cryptocurrency options are scheduled to expire this Friday. The notional value of Bitcoin options accounts for the majority at $2.23 billion, exhibiting a put/call ratio of 0.68 and a maximum pain point set at $66,000.

Concurrently, Ethereum options carry a notional value of $291 million, with a put/call ratio of 0.62 and a maximum pain point of $1,750.

Despite recent market turbulence, positioning in both assets remains skewed toward call options. Bitcoin and Ethereum are currently trading above their respective maximum pain points ahead of expiration. With put/call ratios staying below 1, the derivatives market continues to reflect a preference for upside exposure.