Approximately $16.6 billion worth of BTC and ETH options will expire in the third quarter of 2026, with bullish positions dominating

According to Coinbase Markets data, approximately $16.6 billion worth of BTC and ETH options will expire in the third quarter of 2026. The nominal value of BTC options is approximately $14.73 billion, with 186000 open contracts and a put call ratio of 0.52. The maximum pain point is $72000, and the call concentration is around $70000. The nominal value of ETH options is approximately $1.92 billion, with 756100 open contracts and a put call ratio of 0.57. The maximum pain point is $2200, and the maximum call concentration is $30000, involving approximately 43000 contracts.