Nearly $16.6B in BTC and ETH options is positioned for the 2026 Q3 expiry. bitcoin:native : → ~$14.73B notional → 186.0K contracts in OI → Put to call ratio: 0.52 → $72K max pain → The largest call concentrations sit around $70K, with additional sizeable upside OI at $85K and $90K, extending through $100K ethereum:native : → ~$1.92B notional → 756.1K contracts in OI → Put to call ratio: 0.57 → $2.2K max pain → $3K remains the largest call concentration at roughly 43K contracts With call OI outweighing puts in both markets, Q3 expiry positioning remains tilted toward higher strikes.