Data: 49,000 BTC options and 295,000 ETH options are set to expire today, with a total nominal value of 4.56 billion dollars

2024-11-08 16:16:41
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ChainCatcher news, Greeks.live macro analyst Adam posted on platform X that the options market today welcomes the concentrated expiration of BTC and ETH options. Data shows that 49,000 BTC options are expiring, with a Put Call Ratio of 0.72 and a maximum pain point of $69,000, with a nominal value of $3.7 billion; for ETH options, the expiring quantity reaches 295,000 contracts, with a Put Call Ratio of 0.65 and a maximum pain point of $2,500, with a nominal value of $860 million.

Adam analyzes that with Trump's victory, Bitcoin surged significantly this week, breaking through $75,000 to reach a new all-time high, driving Ethereum to rebound to $2,900. Today's expiring options account for 15% of the total open interest, but the maximum pain point remains unaffected. Influenced by the election, the implied volatility (IV) of short-term options has dropped significantly, market sentiment is optimistic, and the trend in the fourth quarter may continue to be strong.

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