According to Wu, on November 29, 98,000 BTC options expired, with a Put Call Ratio of 0.84, a maximum pain point of $80,000, and a notional value of $9.48 billion.
412,000 ETH options expired, the Put Call Ratio was 0.75, the maximum pain point was $2,900, and the notional value was $1.47 billion. The market sentiment was optimistic, ETH led the rebound, and altcoins rotated upward.
However, the options market showed a cautious sentiment, and institutions were worried about the volatility at the end of the year. More than 40% of the positions will expire next month, and the Christmas market and position transfer operations may put pressure on implied volatility.
