BTCÐ 11 Oct Options Data18,000 BTC options are expiring with a Put Call Ratio of 0.91, Maxpain point of $62,000 and notional value of $1.1 billion.
212,000 ETH options are about to expire with a Put Call Ratio of 0.4, Maxpain point of $2,450 and notional value of $510 million.
With crypto continuing to weaken and the key $60,000 level now hotly contested, and ETH near the long-term support line of $2,300, a market change could be just around the corner. The first two weeks of the fourth quarter of this year were poor, the options market is also more depressed, the current options position has fallen to a new low since 2023. But a sluggish market also breeds new trading opportunities, and now the BTC flat IV on 8 November is only 50%, perfect for building some medium to long term calls at a low level.
Block call trading has been progressively more active this week, and there's a good chance it will be around the time of the U.S. election.