Coinbase Markets reports that approximately $16.6 billion worth of BTC and ETH options will expire in Q3 2026, with both major markets showing a clear bullish bias in open interest. Specifically, BTC options have a nominal value of around $14.73 billion, with approximately 186,000 open contracts and a Put/Call ratio of 0.52. The max pain point is $72,000, and bullish positions are primarily concentrated near $70,000. ETH options have a nominal value of about $1.92 billion, with roughly 756,100 open contracts and a Put/Call ratio of 0.57. The max pain point is around $2,200, while $3,000 is the largest bullish concentration zone, with approximately 43,000 contracts. Coinbase notes that the Call OI for both BTC and ETH exceeds the Put OI, indicating that Q3 expiry positions overall lean toward higher strike prices. https://(wublock123.com)/news/coinbase-16-6b-btc-eth-options-q3-expiry-bullish-dominance-68416