Bitcoin And Ethereum Options Set To Expire Amid Market Rebound

According to PANews, Greeks.live macro researcher Adam announced on the X platform that 20,200 Bitcoin (BTC) options are set to expire, with a Put Call Ratio of 0.86 and a maximum pain point of $59,000, amounting to a nominal value of $1.28 billion. Additionally, 125,000 Ethereum (ETH) options are also due to expire, with a Put Call Ratio of 0.67 and a maximum pain point of $2,350, totaling a nominal value of $320 million. This week, the cryptocurrency market has continued its rebound, bolstered by the Federal Reserve's unexpected 50 basis point rate cut, which exceeded market expectations and significantly boosted investor confidence. As the third quarter draws to a close, investors are beginning to position themselves for the fourth quarter. Following the rate cut, implied volatility (IV) across major maturities has decreased, and with the approaching quarterly settlement, IV is expected to face further downward pressure. So far in September, BTC has shown a decent performance, while ETH has been relatively weaker, rebounding from its long-term support level of 0.04 against BTC. The market outlook for October remains noteworthy.