3.9 billion options deadline is approaching! BTC short and long tug-of-war, ETH shows extreme bullish sentiment, will there be a trend change or speculation tomorrow?
It's the mid-month betting showdown time again—tomorrow, there will be up to approximately 3.9 billion USD worth of crypto options expiring!
Among them:
Bitcoin (BTC) accounts for 3.3 billion, with a Put/Call ratio of 1.16, slightly favoring the bears;
The maximum pain point: 106,000 USD, with the current price hovering nearby, both sides are in a final battle;
Bears hope the price stays stagnant, while the bulls focus on breakout opportunities, with volatility expectations rising.
In contrast, Ethereum (ETH) is much more relaxed:
The nominal value of options is only 546 million;
The Put/Call ratio is as low as 0.68, clearly showing a more optimistic sentiment among the bulls;
The maximum pain point is at 2,600 USD, precisely on the key support level of the recent rebound.
