Bitcoin options worth $760M and $290M of Ethereum options will expire on Sept. 6.
Put Call Ratios suggest bearish sentiment with Maxpain points at $59,000 for BTC and $2,500 for ETH.
Rising volatility signals trader anxiety as crypto markets remain down amid U.S. election uncertainty.
On September 6, a massive $1 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are scheduled to expire. This comes as bearish sentiment dominates the crypto market, with Put Call Ratios indicating a preference for put options (bets on price decreases) over call options (bets on price increases). Traders are closely watching the situation amid rising volatility and election-driven uncertainty in the U.S.
Market Sentiment and Price Outlook
As per data, the 14,000 BTC options worth $760 million are accompanied by a Put Call Ratio of 0.81 and a Maxpain point of $59,000. Additionally, 125,000 ETH options, valued at $290 million, are also set to expire, with a Put Call Ratio of 0.63 and a Maxpain point of $2,500.
The cryptocurrency market has exhibited a bearish sentiment throughout the week. This is reflected in the put-call ratios meaning traders are buying more put op…
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