đ 18,000 Bitcoin options and 212,000 Ethereum options expire today, with a total notional value of more than $1.7 billion!
Currently, the biggest pain point price for Bitcoin options is $62,000, while that for Ethereum is $2,450. The market is a bit weak now, with Bitcoin struggling fiercely at the key position of $60,000 and Ethereum hovering around the long-term support line of $2,350. It feels like the market may change at any time.
Although the market conditions at the beginning of the fourth quarter of this year are not very good and the options market is a bit sluggish, there are often opportunities in the downturn. For example, the implied volatility of Bitcoin options on November 8 was only 50%, which may indicate that it is a good choice to open some medium- and long-term call options now.
At the same time, the trading of bulk call options has become active this week, and there may be a wave of market conditions before and after the US election. Finally, are you ready? The cryptocurrency market may be making waves again!
đŹ At what price do you think the market will have a turning point? Will you open a position at this time? How do you expect the market to react before and after the US election?
