Data: BTC options worth $1.07 billion will expire today, with a maximum pain point of $63,000

ChainCatcher news, Greeks.live researcher Adam posted on social media that 17,500 BTC options will expire today, with a Put Call Ratio of 0.75 and a maximum pain point of $63,000, representing a notional value of $1.07 billion.

Additionally, 119,000 ETH options will expire today, with a Put Call Ratio of 0.68 and a maximum pain point of $2,500, representing a notional value of $280 million.

Adam stated that this week, A-shares and Chinese concept stocks have attracted all market attention, while cryptocurrencies are relatively weak. Even in the overall rally of Hong Kong stocks, blockchain stocks are in a downward trend, reflecting the weakness of the cryptocurrency market. According to historical data, the fourth quarter generally has a good market performance, and the current sluggish market is a good time to build positions, with low levels suitable for establishing some medium to long-term bullish positions. Implied Volatility (IV) for all major maturities is at the average level of the past year, and before the U.S. elections conclude, IV still has support. The last two weeks will be a good opportunity to position for the fourth quarter.