According to PANews, Greeks.live macro researcher Adam posted on the X platform that 89,000 BTC options are about to expire, the Put Call Ratio is 0.64, the maximum pain point is $59,000, and the nominal value is $5.8 billion.
718,000 ETH options are about to expire, with a Put Call Ratio of 0.47, a maximum pain point of $2,500, and a notional value of $1.9 billion.
Adam analyzed that today is the third quarter delivery, and the cryptocurrency has rebounded strongly in the past three weeks. The Fed's 50 basis point rate cut has boosted market confidence. The third quarter is coming to an end, and the fourth quarter is generally good. There are also the US elections and two rate cuts this year, so there are many trading opportunities.
Quarterly delivery brings about a large amount of position transfer and margin release. The IV of major maturities is at a low level. With the end of quarterly delivery, IV is still under downward pressure. The past two weeks are a good opportunity to lay out for the fourth quarter.
