Greeks.live: The fourth quarter is usually a strong period for BTC, and recently many whales are positioning themselves for the October market

ChainCatcher message, Greeks.live macro researcher Adam posted on social media that 62,000 BTC options are about to expire, with a Put Call Ratio of 0.59 and a maximum pain point of $61,000, representing a nominal value of $3.66 billion. 530,000 ETH options are about to expire, with a Put Call Ratio of 0.49 and a maximum pain point of $2,800, representing a nominal value of $1.34 billion.

Today is the monthly settlement, and the options data clearly shows the weakness of ETH this month, with the monthly maximum pain point and settlement price differing by more than 10%. This month, the mid-to-long-term implied volatility (IV) has increased, while the short-to-mid-term IV has decreased, and currently, the overall decline space for IV seems limited. From historical trading data, September is generally a slightly subdued month, transitioning from weak to strong, and the fourth quarter is expected to be a stronger period for BTC. Recently, we have also seen many whales starting to position for the October market, hoping for a good market in the last four months of this year.