Odaily Planet Daily News Lin Chen, head of Deribit's Asia-Pacific business, wrote on X: "BTC's October quarterly options will be delivered at 4 pm this Friday (25th), when $4.34 billion of positions will expire, the put/call ratio is 0.62, and the maximum pain point is at $64,000. The current maximum pain point below the current price often does not mean that the price will fall sharply in the short term before delivery. Instead, it indicates that the market will face greater upward pressure in the next few days, and the risk of market volatility will also increase. In addition, this Friday is also the delivery date for ETH's October options, with a total nominal value of $1.077 billion. The put/call ratio is 0.93, and the maximum pain point is at $2,600. The proportion of ETH's put options is very high, and there are many hedging orders in the market. Compared with BTC, the current market sentiment obviously has not yet returned to confidence in ETH."