According to @cas_abbe on Twitter, $3.7 billion in Bitcoin (BTC) and Ethereum (ETH) options are expiring today, with $3.04 billion in BTC options set to expire at a max pain point of $107,000 and $687 million in ETH options at a max pain of $2,700 (source: Twitter). Traders should expect heightened volatility as these expiries often lead to significant price movements, especially in the context of ongoing geopolitical tensions such as the Iran-Israel situation. Market participants may see increased volume and potential price swings in both BTC and ETH as options sellers and buyers adjust positions ahead of expiry. This event is likely to impact spot prices and could drive short-term trading opportunities for crypto traders.