BTC and ETH Options Set to Expire with Significant Market Impact

According to Odaily, Greeks.live macro researcher Adam shared data on options expiring on September 13 on X. A total of 23,000 BTC options are expected to expire, with a put-call ratio of 0.87 and a maximum pain point of $58,000, representing a notional value of $1.34 billion. Additionally, 127,000 ETH options are expected to expire, with a put-call ratio of 0.73 and a maximum pain point of $2,400, representing a notional value of $298 million.

This week, as the overall cryptocurrency market recovered, market volatility expectations have decreased. Maximum pain points are aligned with current prices. Implied volatility in large maturities has decreased as the market expects the Federal Reserve to cut interest rates by 25 basis points next week. September was weak as expected, especially for ETH, which has shown significant weakness. ETH/BTC exchange rate has dropped below long-term support level of 0.04. It appears that BTC continues to be the driving force for the next bull market