20,200 BTC Options and 125,000 ETH Options Expire Soon, Total Nominal Value $1.6 Billion
PANews: Upcoming Options Expiry and Market Outlook
September 20th: Greeks.live macro researcher Adam posted on X platform about upcoming BTC and ETH options expiry:
- BTC: 20,200 options expiring with a Put Call Ratio of 0.86. The maximum pain point is $59,000, with a notional value of $1.28 billion.
- ETH: 125,000 options expiring with a Put Call Ratio of 0.67. The maximum pain point is $2,350, with a notional value of $320 million.
The crypto market continues its rebound this week, boosted by the Fed's larger-than-expected 50 basis point rate cut. This has significantly improved market confidence. Furthermore, as the third quarter draws to a close, investors are beginning to position themselves for the fourth quarter.
Following the rate cut, implied volatility (IV) across all major maturities has declined. IV is expected to continue to face downward pressure as the quarter-end approaches.
BTC has performed reasonably well since September, while ETH has been relatively weak. The BTC exchange rate has rebounded off its long-term support level of 0.04. The October market is worth watching.
