The largest Bitcoin options trade to date is about to settle, with an overall bullish bias.

Bitcoin will see its largest options expiration date today at 4 PM, with approximately 300,000 BTC options contracts (with a notional value of about $23.7 billion) expiring. The combined expiration of BTC and ETH options today totals $28.5 billion, double that of the same period last year. Analysts point out that this expiration date is exceptionally large and generally bullish. The maximum pain point (the price level at which option buyers incur the greatest loss and sellers the greatest profit) is $96,000, which will reinforce the upward price trend.