Bitcoin and Ethereum Expect $6 Billion Options Quake Today! These Levels Could Act as Magnets for BTC and ETH!

After a seven-year hiatus, the US government shut down due to an unresolved budget ￰0￱ uncertainty and volatility brought on by the shutdown continued, and Bitcoin and altcoins experienced a major crash following US President Donald Trump's announcement of tariffs on China last ￰1￱ the market has recovered somewhat, cryptocurrency weakness ￰2￱ investors continue to exercise caution, the expiration date for options contracts in the crypto market, as is the case every Friday, has ￰3￱ to data from the third week of October, approximately $5.7 billion worth of crypto options will expire on the Deribit derivatives exchange on October ￰4￱ to Deribit data, $4.79 billion worth of Bitcoin (BTC) and $990 million worth of Ethereum (ETH) options are set to expire.

Accordingly, the Put/Call Ratio of BTC options is 0.83, the maximum loss point is $116,000 and the notional value is $4.79 ￰5￱ we look at Ethereum, ETH options have a Put/Call Ratio of 0.81, a maximum loss point of $4,100, and a notional value of $990 ￰6￱ Bitcoin and Ethereum options expirations are expected to increase volatility in the short term, crypto options analysis platform Greekslive has highlighted a key trend. Accordingly, analysts at Greekslive reported that bearish (put) trades in Bitcoin's block options market reached 28% of total volume in the last 24 ￰7￱ said that more than $1.15 billion flowed into put options, according to the ￰8￱ noted that investors are preparing for further declines following the recent decline, with put positions concentrated mainly in short-term options in the $104,000-$108,000 ￰9￱ to Greekslive analysts, this trend indicates that investors are taking positions to hedge against possible short-term ￰10￱ Does Max Pain Mean for Bitcoin and Ethereum?

Max pain can often act as a magnet during expiration in options ￰11￱ the options market, maximum pain is the price level at which investors incur the greatest losses and options sellers feel most ￰12￱ other words, it acts as a magnet for the market as contracts ￰13￱ this point, the maximum pain level for Bitcoin was $116,000, while the maximum pain level for Ethereum was $4,100. As a result, Bitcoin and Ethereum are currently below their maximum pain levels of $106,800 and $3,810, ￰14￱ believe this suggests investors are anticipating limited upward movement in the short term. However, it doesn't guarantee a definitive rise or fall. *This is not investment ￰15￱ Reading: Bitcoin and Ethereum Expect $6 Billion Options Quake Today!

These Levels Could Act as Magnets for BTC and ETH!