📣📣 Hey, BTC enthusiasts! 🚀 Get ready for some action! Approximately 21,000 Bitcoin options contracts, with a notional value of $1.5 billion, are set to expire today, April 12! This is a tad higher than last week's expiration event. 📈

The crypto market has been pretty steady this week, with a total capitalization of just over $2.7 trillion. And guess what? Bitcoin is leading the charge! 🎉

Today's batch of expiring Bitcoin derivatives has a put/call ratio of 0.62, indicating nearly twice as many call (long) contracts expiring as puts (shorts). The max pain point is $69,000, a smidge lower than current spot prices. 🎯

The bulls seem to be ruling the roost in the derivatives markets, with a lot of open interest at strike prices above $70,000. The $80,000 and $100,000 strike prices are hot, with $880 million and $934 million in open interest, respectively. 🐂💪

Crypto derivatives tooling provider Greeks Live notes that volatility levels have risen significantly this week. Implied volatility has seen notable declines across all major terms, with sell calls being the trade of the month. 📊

In addition to Bitcoin contracts, 230,000 Ethereum options are also set to expire today. These have a notional value of $800 million, a put/call ratio of 0.49, and a max pain point of $3,425. 📆

Despite a slowdown in sentiment, Greeks Live suggests that the halving may keep BTC afloat in the short-term. 🌊

As of now, crypto markets are trading flat, with total capitalization at $2.74 trillion. BTC is holding strong above $70,000, just 4.2% away from its all-time high. Ethereum is down 1.3% on the day, trading at $3,522. The altcoins are mixed with minor losses or gains for the high cap tokens. 📉📈

So, will Bitcoin return to its all-time high when $1.5B BTC options expire today? Let's watch and see! 🤔👀 Stay tuned, folks! 📻