Volatility in cryptocurrencies may increase: Investors should be careful.

As of December 6, approximately $3 billion worth of Bitcoin and Ethereum options will expire, which could increase volatility in cryptocurrencies.

Expiring crypto options usually increase market volatility, causing investors and traders to act cautiously. According to Deribit data, 23,481 Bitcoin contracts will expire today. Bitcoin's put (sell) and call (buy) ratio is at 1.11. The maximum pain level is $97,000, the price at which the cryptocurrency will cause investors the most loss.

Based on this, Greeks.live analysts evaluated the current state of the crypto market on X (formerly Twitter) as follows:

“The funding rates of high-leverage contracts are increasing. This development strengthens the possibility of a correction in the market. Bitcoin option investors are starting to protect themselves against possible declines, and interest in put options is increasing.”

Bitcoin’s put-to-call ratio is still above 1, indicating that the market is likely to move largely bearish. Ethereum’s put-to-call ratio is 0.63, indicating a generally positive outlook for $ETH .

According to Greeks.live analysts, options market data shows that market makers are taking a cautious stance. The correction that occurred after $BTC broke the $100,000 level caused short-term volatility to increase. BTC, which is currently priced close to $100,000, will strengthen the hand of buyers as long as it remains above this level. In the opposite scenario, the decline could deepen.

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