BTC And ETH Options Set To Expire With Significant Market Impact

According to BlockBeats, on August 30, Greeks.live researcher Adam shared data on social media regarding today's options expiration. A total of 62,000 BTC options are set to expire, with a Put Call Ratio of 0.59 and a maximum pain point of $61,000, amounting to a nominal value of $3.66 billion. Additionally, 530,000 ETH options are due 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 marks the monthly expiration, and the options data clearly indicates a weakness in ETH this month, with the maximum pain point and expiration price differing by more than 10%. Mid-to-long-term implied volatility (IV) has increased, while short-to-medium-term IV has decreased, suggesting limited overall decline in IV. Historical trading data shows that September is typically a transitional month from weakness to strength, with the fourth quarter generally being a robust period for BTC. Recently, several large investors have begun positioning for October, hoping for favorable market conditions in the final four months of the year.