According to ChainCatcher, macro analyst Adam from Greeks.live stated on platform X that the options market today welcomes the concentrated expiration of BTC and ETH options. Data shows that 49,000 BTC options are expiring, with a Put Call Ratio of 0.72, and the maximum pain point at $69,000, with a nominal value of $3.7 billion; for ETH options, the number expiring reaches 295,000, with a Put Call Ratio of 0.65, and the maximum pain point at $2,500, with a nominal value of $860 million.
Analyst Adam states that with Trump's victory, Bitcoin surged this week, breaking through $75,000 to reach a historical high, driving Ethereum to rebound to $2,900. Today's expiring options account for 15% of the total positions, but the maximum pain point remains unaffected. Due to the elections, the implied volatility (IV) of short-term options has significantly decreased, and market sentiment is optimistic, suggesting that the strong trend may continue into the fourth quarter.
