Expert opinion: bullish #ETH

18,000 BTC options are about to expire, with a strike price ratio of 0.91, a maximum pain point of $62,000, and a notional value of $1.1 billion. 212,000 ETH options are also about to expire, with a strike price ratio of 0.4, a maximum pain point of $2,450, and a notional value of $510 million.

As cryptocurrencies continue to weaken, the key $60,000 level is being fiercely contested, and ETH is close to the long-term support line of $2,300, and market changes may be just around the corner. The first two weeks of the fourth quarter of this year have performed poorly, and the options market has also appeared more sluggish, with current options positions falling to a new low since 2023. But the weak market also breeds new trading opportunities. Now BTC's implied volatility on November 8 is only 50%, which is very suitable for establishing some medium- and long-term call options at low levels.

Block option trading has gradually become active this week, and better opportunities are expected during the US election.

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