According to PANews, Greeks.live macro researcher Adam announced on the X platform that 89,000 BTC options are set to expire, with a Put Call Ratio of 0.64 and a maximum pain point of $59,000, amounting to a nominal value of $5.8 billion. Additionally, 718,000 ETH options are also nearing expiration, with a Put Call Ratio of 0.47 and a maximum pain point of $2,500, totaling a nominal value of $1.9 billion.
Adam further analyzed that today marks the third-quarter settlement, and the recent three-week rally in cryptocurrencies has been significantly influenced by the Federal Reserve's 50 basis point rate cut, which has greatly boosted market confidence. As the third quarter comes to an end, historical data suggests that the fourth quarter generally performs well. This year, the U.S. presidential election and two more rate cuts are expected to provide numerous trading opportunities. The quarterly settlement will lead to substantial position shifts and margin releases, with implied volatility (IV) across major maturities remaining low. As the quarterly settlement concludes, IV is likely to face downward pressure, making the next two weeks an opportune time to position for the fourth quarter.
