$3 Billion Worth Of Bitcoin Options To Expire On October 27th

$3 Billion Worth Of Bitcoin Options are about to expire. Put Call Ratio at 0.88, max pain point $29k. BTC reached $36k, increased volatility. Selling activity from a large whale may impact market trend. 880k ETH options also expiring.

According to Greeks.live, the Bitcoin options market is experiencing significant activity as 87,000 BTC options are about to expire. The Put Call Ratio stands at 0.88, indicating a slightly higher number of put options compared to call options.

The max pain point is set at $29,000, which suggests that the market may gravitate towards this price. The notional value of these options is a staggering $2.98 billion.

BTC has been the driving force in the market, reaching a new high for the year at $36,000 on October 24th. This surge in price has led to increased volatility, as reflected in the rising full-term implied volatility (IV).

Bitcoin Options To Expire

However, despite the positive market sentiment, there has been notable selling activity from a large whale in the second half of the week, potentially impacting the continuation of the markets upward trend.

Additionally, 880,000 ETH options are about to expire with a Put Call Ratio of 0.47, a max pain point of $1,650 and a notional value of $1.57 billion.

In a previous expiration on October 6th, 14,000 BTC options valued at $400 million and 200,000 ETH options valued at $330 million were set to expire.