The total open positions for BTC options across the network are 12.96 billion USD, while those for ETH options are 7.18 billion USD

Coinglass data shows that the nominal value of outstanding BTC options positions across the network is currently $12.96 billion, and for ETH options it's $7.18 billion. Previous news showed Deribit data indicating that BTC options contracts with a nominal value exceeding $573 million and ETH options contracts worth $468 million will expire on Friday (February 9). The maximum pain point price for BTC is $42,000; for ETH it's $2,350.