In the near future, the global cryptocurrency market is set to witness a massive event of options contract expiration settlements. According to the latest data from Deribit exchange, approximately $2 billion in Bitcoin (BTC) and Ethereum (ETH) options contracts are scheduled to complete their settlement process on Friday this week (August 9th). In this settlement, the nominal value of Bitcoin options is expected to reach $1.534 billion, with the pain point price set at a level of $60,000. Meanwhile, the nominal value of Ethereum options is estimated to be around $464 million, with the maximum pain point price adjusted to $3,000. The expiration of these series of options contracts is likely to have a significant impact on market sentiment and price trends, and investors should closely monitor market developments to make informed investment decisions.