BTC And ETH Options Set To Expire With Significant Market Impact

According to BlockBeats, on September 6, Greeks.live researcher Adam shared data on today's options expiration on social media. A total of 14,000 BTC options are set to expire, with a Put Call Ratio of 0.81 and a maximum pain point of $59,000, amounting to a nominal value of $760 million. Additionally, 125,000 ETH options are due to expire, with a Put Call Ratio of 0.63 and a maximum pain point of $2,500, totaling a nominal value of $290 million. This week, the cryptocurrency market has experienced a consistent decline. The options data clearly reflects the overall market weakness, with the recent maximum pain points failing to keep pace with the falling prices. The implied volatility (IV) for major terms has increased. As the U.S. election approaches, the IV spike for October 8 is gradually being smoothed out. Historical trading data mentioned last week indicates that September is usually slightly subdued. However, the market appears to be overly pessimistic, and there is a belief that a bull market could emerge by the end of the year.