Bitcoin and Ethereum Expect $16 Billion Options Quake Today! These Levels Could Act as Magnets for BTC and ETH!

Following the great crash on October 11, the fluctuations in Bitcoin and altcoins ￰0￱ the FED cut interest rates during the week, FED Chairman Jerome Powell's hawkish statements triggered the ￰1￱ BTC fell to the $106,000 level, altcoins also experienced significant ￰2￱ the cryptocurrency market experienced a recovery on the last day of the week, the expiration date for option contracts in the crypto market came, as it does every ￰3￱ options are more important because they fall on the last Friday of both the week and the ￰4￱ to weekly data, approximately $15.9 billion worth of crypto options will expire on October 31 on Deribit derivatives ￰5￱ to Deribit data, $13.4 billion worth of Bitcoin (BTC) and $2.5 million worth of Ethereum (ETH) options are set to expire.

Accordingly, the Put/Call Ratio of BTC options is 0.7, the maximum loss point is $114,000 and the notional value is $13.4 ￰6￱ we look at Ethereum, ETH options have a Put/Call Ratio of 0.7, a maximum loss point of $4,100, and a notional value of $2.5 ￰7￱ Does Max Pain Mean for Bitcoin and Ethereum? While the put/call ratio is 0.7 for both Bitcoin and Etheruem, these ratios indicate a cautious yet optimistic outlook in the market and a slight bullish sentiment among ￰8￱ pain can often act as a magnet during expiration in options ￰9￱ the options market, maximum pain is the price level at which investors incur the greatest losses and options sellers feel most ￰10￱ other words, it acts as a magnet for the market as contracts ￰11￱ this point, the maximum pain level for Bitcoin was $114,000, while the maximum pain level for Ethereum was $4,100.

As a result, Bitcoin and Ethereum are currently below their maximum pain levels of $109,500 and $3,830, ￰12￱ believe this suggests investors are anticipating limited upward movement in the short term. However, it doesn't necessarily mean a definitive rise or fall. *This is not investment ￰13￱ Reading: Bitcoin and Ethereum Expect $16 Billion Options Quake Today! These Levels Could Act as Magnets for BTC and ETH!