Bitcoin Options Expiration and US Employment Data: BTC Price on Verge of $83,000 Rally

In the crypto market, the approaching expiration of#Bitcoinand#Ethereumoptions on $2.2 billion is causing a stir. This can lead to a significant sell-off or an optimistic market forecast. 17,493 options on BTC worth approximately $1.24 billion are expiring, and investors see the $70,000 level as critical for price action. The put-call ratio of 0.69 indicates that there is significant opportunity for liquidation, especially given the current selling pressure.

Similarly, almost $1 billion worth of Ethereum options (260,000 ETH) are expiring with a put-call ratio of 0.65. The maximum pain point for#Ethereumis set at $3,650, just below the current trading price of $3,813. Market participants should closely monitor trading volumes to determine the short-term price direction of Ethereum.