TechFlow news, November 28: the cryptocurrency market迎来了 an important options expiration day. Data shows that 143,000 BTC options expired with a Put Call Ratio of 0.51, maximum pain at $98,000, and a notional value of $13 billion; 572,000 ETH options expired with a Put Call Ratio of 0.48, maximum pain at $3,400, and a notional value of $1.71 billion.
BTC and ETH prices dropped significantly this month but stabilized and rebounded toward month-end. Currently, BTC has firmly held above the $90,000 level, while ETH recorded three consecutive monthly declines and is oscillating around $3,000. Market sentiment has clearly improved compared to last week.
Options data indicates that implied volatility has comprehensively rebounded from last month, with BTC's major tenors averaging around 45% IV and ETH's major tenors below 70% IV—both at relatively high levels this year. Analysts noted that due to macroeconomic uncertainty and other factors, Q4 performance has been weak with significant market divergence, and investors are advised against leveraged positions.
