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Today, the cryptocurrency market will witness a crucial development as 17,500 Bitcoin (BTC) 
$103,045 options, valued nominally at $10.7 billion, reach their expiration. The maximum pain point for these options has been set at $63,000. Additionally, 119,000 Ethereum (ETH) 
$2,401 options will also expire today, with their maximum pain point determined at $2,500. These events are closely monitored by market participants.
Bitcoin and Ethereum Options Expiration
Adam from the research team at Greeks.live highlighted the importance of today’s BTC and ETH options expirations on social media. He noted that the Put/Call ratio for the 17,500 BTC options stands at 0.75, confirming their nominal value of $10.7 billion. The maximum pain point for BTC options is positioned at $63,000.
Similarly, 11.9 million ETH options are also expiring today, with their maximum pain point set at $2,500. The Put/Call ratio for ETH options has been reported at 0.68, with a total nominal value of $2.8 billion.
Cryptocurrency Market Shows Weak Performance
This week, while A shares and Chinese equities have attracted significant global interest, cryptocurrencies have shown comparatively weak performance. Adam pointed out that despite the overall upward trend of Hong Kong shares, stocks related to Blockchain companies have seen a decline. This situation is considered a reflection of the current weaknesses in the cryptocurrency market.
Historically, the fourth quarter is known for positive price performance. The current underperforming market conditions may present favorable grounds for long-term investment opportunities. According to Adam, particularly purchasing at low levels may be a suitable strategy for anticipating medium to long-term upward movements.
Additionally, the market’s implied volatility (IV) remains at average levels for the past year, and it is expected to maintain these levels until the conclusion of the U.S. presidential elections. Lastly, Adam emphasized that the next two weeks could be an opportune time for those looking to invest in the fourth quarter of the year.
