According to The Kobeissi Letter, $6.8 trillion worth of options on stock indexes, ETFs, equity index futures, and individual stocks are set to expire today, marking potentially the largest 'triple witching' options expiration on record (source: @KobeissiLetter, June 20, 2025). Traders should prepare for significant market volatility, as this convergence of expiries can trigger sharp moves in traditional markets, which historically have spillover effects on the cryptocurrency sector, including BTC and ETH. Heightened volatility in equities often leads to increased risk-off behavior or liquidity events, impacting crypto trading volumes and price action.

According to Evan (@StockMKTNewz), the US stock market will be closed on Thursday, and Friday marks options expiration (OPEX). These schedule changes can increase volatility and liquidity shifts, directly affecting cryptocurrency trading volumes and price movements, especially for BTC and ETH, as traders adjust their positions in response to reduced traditional market activity and OPEX-driven hedging. Source: Twitter (@StockMKTNewz, June 15, 2025).

According to Greeks.live, 139,000 BTC options are expiring with a Put Call Ratio of 0.49 and a Maxpain point of $85,000, indicating a notional value of $12.1 billion. This suggests a bullish sentiment as the Put Call Ratio is below 1, which often indicates more call options than puts. Additionally, 301,000 ETH options are set to expire with a Put Call Ratio of 0.39 and a Maxpain point of $2,400, totaling a notional value of $2.13 billion. The lower Put Call Ratio for ETH also suggests a bullish outlook, as traders are potentially expecting a rise in prices.

According to Crypto Rover, $1.83 billion in Bitcoin options and $260 million in Ethereum options are set to expire today, which is expected to cause significant volatility in the cryptocurrency markets. Traders should prepare for potential price swings as these expirations could influence market dynamics, leading to increased trading activity and potential shifts in pricing. This event represents a substantial portion of the options market, and its impact will be closely watched by market participants.

According to GreeksLive, the discussion around the largest Bitcoin ($BTC) options expiration has become a trending topic on Twitter, attracting both perpetual traders and general users. They caution that the concept of 'max pain' does not necessarily imply that the price of Bitcoin will fall to the max pain point. Instead, they humorously suggest that the feeling of max pain is akin to being an Ethereum ($ETH) holder.

According to Greeks.live, the largest Bitcoin options expiration has become a trending topic on Twitter, attracting significant discussion among perpetual traders and general investors. The concept of 'max pain' is highlighted, noting that it does not necessarily indicate a drop in Bitcoin's price to that level. Additionally, the notion of 'max pain' is humorously described as the experience of being an Ethereum holder.