According to TechFlow, on September 20, Greeks.live researcher Adam tweeted that 20,200 Bitcoin options are about to expire, with a put-call ratio of 0.86, a maximum pain point of $59,000, and a nominal value of $1.28 billion. At the same time, 125,000 Ethereum options will also expire, with a put-call ratio of 0.67, a maximum pain point of $2,350, and a nominal value of $320 million.
The Fed’s 50 basis point rate cut exceeded expectations, greatly boosting market confidence. As the third quarter is coming to an end, investors are starting to plan for the fourth quarter. After the rate cut, the implied volatility of major maturities has declined, and the approaching quarterly delivery may exacerbate this trend. It is worth noting that Bitcoin has performed well since September, while Ethereum is relatively weak. Its exchange rate against Bitcoin has rebounded at the long-term support level of 0.04, and the market in October is worth paying attention to.
