Data from Greeks.live on November 23rd indicates that options contracts for 108,000 BTC with a Put Call Ratio of 0.83 and a maximum pain point of $33,000, representing a nominal value of $4.04 billion, are due to expire tomorrow. In addition, 1.2 million ETH options contracts with a Put Call Ratio of 0.71 and a maximum pain point of $1,700, which amounts to a nominal value of $2.47 billion, are also set to expire.
This week's major event in the cryptocurrency world is the settlement between Binance and the US Department of Justice. It has triggered significant market fluctuations and raised the realized volatility (RV). Due to expire tomorrow, the monthly delivery shows a maximum pain point relatively distant from the strike price, and the sell positions created by the surge will soon be settled.
As we near the end of the year and approach Christmas, a traditionally quieter trading period, we're likely to see a slowdown in activity. This underscores the volatility surrounding the cryptocurrency market. Please note that investments in cryptocurrencies carry a notable degree of risk and should be made with consideration.
