### ‼️‼️ Breaking News Alert ‼️‼️
🚨 **Bitcoin and Ethereum Expiry Alert** 🚨
🔴 **Attention, Attention** 🔴
🗣️ **Massive BTC and ETH Options Expiry Today: Key Insights and Market Situation**
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### 1. Expiry Overview:
- **Bitcoin (BTC) Options:** Over 24,000 set to expire today.
- **Ethereum (ETH) Options:** 157,000 options reaching expiry.
### 2. BTC Options Details:
- **Put/Call Ratio:** 1.08
- **Maximum Pain Point:** $58,500
- **Nominal Value:** $1.4 billion
### 3. ETH Options Details:
- **Put/Call Ratio:** 0.37
- **Maximum Pain Point:** $3,100
- **Nominal Value:** $490 million
### 4. Market Conditions:
- The cryptocurrency market has seen a minor rebound this week.
- Implied Volatility (IV) for the main term has dropped significantly, hitting its lowest level since March.
### 5. Option Seller Activity:
- Large positions established by option sellers have helped suppress IV.
### 6. Market Sentiment:
- The mood is cautious with ongoing delays in the Ethereum ETF and skepticism about its quick fund attraction.
- The US stock market remains weak, with hopes pinned on a potential rate cut in September for market recovery.
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### Coins to Buy and Focus On: #Dyor2024