TechFlow news, on September 29 at 16:00 Beijing time, a total of 117,000 BTC options contracts and 1.1 million ETH options contracts will expire, with a notional value of $4.8 billion. The maximum pain points are $26,500 and $1,650 respectively. Traders estimate that prices will remain stable ahead of expiration.
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Deribit's Chief Commercial Officer Strijers expects market volatility over the next week to be relatively low;
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Imran Lakha, founder of Options Insights, said ETH traders hold long gamma positions around $1,650-$1,700, meaning these positions could act as a stabilizing force ahead of option expiry;
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Blofin trader Griffin Ardern said the situation for BTC is similar.
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