Today, Bitcoin is worth approximately $7.7 billion$BTC

and Ethereum options will expire. The total notional value of Bitcoin options is $5.8 billion, while Ethereum options are $1.9 billion. The cryptocurrency market is prepared for the volatility that this significant event may create.

Bitcoin and Ethereum options are ending!
According to Deribit data, 89,037 Bitcoin options contracts are set to expire on September 27, up from 20,037 last week. These contracts have a put/call ratio of 0.64 and a maximum pain point of $59,000. Similarly, Ethereum’s$ETH

In the options market, 719,130 ​​contracts will expire; the put/call ratio of these contracts is 0.47 and the maximum pain point is $2,550.

In options trading, investors evaluate put/call ratios to gauge market sentiment. Bitcoin’s put/call ratio shows a slight edge over call options, indicating a balanced market. This suggests further bullish expectations for the cryptocurrency. On the other hand, Ethereum’s put/call ratio reflects a strong bullish sentiment among traders.

Maximum pain points indicate that Bitcoin and Ethereum prices could be at critical levels at the time of option expiration, leading to losses for both bulls and bears. With the expiration of options, there could be sudden price swings, which will depend on the market’s reaction. Analysts at Greeks.live emphasize the influence of broader market trends.

Today is Q3 delivery day, and cryptocurrencies have seen a strong rally in the last three weeks following the Fed’s 50 basis point rate cut. As the quarter comes to an end and years go by, the fourth quarter can often be a positive period, especially with the US elections and two possible rate cuts. Bitcoin’s price has been on a steady rise since the Federal Reserve’s September 18 rate cut, rising from $57,000 to $65,470. The leading altcoin, Ethereum, has reached $2,659 from $2,278. Traders are repositioning themselves for the fourth quarter, so analysts expect volatility in the markets to continue.

However, despite the positive momentum, investors are advised to remain cautious. Historically, options expirations have often led to short-term instability. The coming days will be critical in determining whether Bitcoin and Ethereum can continue their upward trend or if a correction period is imminent. With volatility expected in the market, how prices react after major options expirations could shape the course of the coming weeks.