[Greeks Live Researcher: March Expiry Quarterly Options Become the Largest Open Interest] Greeks Live macro researcher @BTC__options stated that December 26 is the annual options major expiration date and also the largest cryptocurrency options expiration date in history, with a total notional value of approximately $28 billion. Among them, Bitcoin (BTC) has 267,000 options expiring, with a Put/Call ratio of 0.35, a max pain price of $95,000, and a notional value of approximately $23.6 billion; Ethereum (ETH) has 1.28 million options expiring, with a Put/Call ratio of 0.45, a max pain price of $3,100, and a notional value of approximately $3.71 billion. After the expiration, the March expiry quarterly options become the largest open interest, accounting for more than 30% of the total open interest, primarily consisting of out-of-the-money call options.