Adam, a macro researcher at Greeks.live, posted on X platform that 89000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $59000, and a nominal value of $5.8 billion. 718000 ETH options are about to expire, with a Put Call Ratio of 0.47, a maximum pain point of $2500, and a nominal value of $1.9 billion.
In addition, Adam analyzed that today is the third quarter delivery, and the strong rebound of cryptocurrency in the past three weeks cannot be separated from the stimulus of the Federal Reserve's 50 basis point interest rate cut, which greatly boosted market confidence. The third quarter is coming to an end, and based on previous data, the market in the fourth quarter is generally good. This year, there are also the US presidential election and two interest rate cuts, so there should be many trading opportunities. Quarterly delivery has brought about a large number of warehouse transfers and margin releases, and all major maturity IVs are at a low level. With the end of quarterly delivery, there is still downward pressure on IVs, and the next two weeks will be a good opportunity to layout for the fourth quarter.
