BTC And ETH Options Set To Expire With Significant Market Impact

According to Odaily, Greeks.live macro researcher Adam shared on X the data for options expiring on September 13. A total of 23,000 BTC options are set to expire, with a put-call ratio of 0.87 and a maximum pain point of $58,000, representing a nominal value of $1.34 billion. Additionally, 127,000 ETH options are due to expire, with a put-call ratio of 0.73 and a maximum pain point of $2,400, amounting to a nominal value of $298 million. This week, the overall cryptocurrency market has rebounded, while market volatility expectations have decreased. The maximum pain points have aligned with the current prices. As the market anticipates a 25 basis point rate cut by the Federal Reserve next week, implied volatility across major maturities has declined. September has been weak as expected, particularly for ETH, which has shown significant weakness. The ETH/BTC exchange rate has fallen below the long-term support level of 0.04. It appears that BTC remains the driving force for the next bull market.