TechFlow news, Greeks.live analyst Adam said that 62,000 BTC options are about to expire, with a Put Call Ratio of 0.59, maximum pain point at $61,000, and a notional value of $3.66 billion.
530,000 ETH options are about to expire, with a Put Call Ratio of 0.49, maximum pain point at $2,800, and a notional value of $1.34 billion.
Today is the monthly expiry. From the options data, ETH's weakness this month is clearly evident—the monthly maximum pain point differs from the settlement price by over 10%. Mid-to-long-term IV has increased somewhat this month, while short-to-medium-term IV has declined. Overall, IV appears to have limited room for further decline.
Based on historical trading data, September is generally a slightly quiet month marking a transition from weak to strong performance, while the fourth quarter tends to be a relatively strong period for BTC. Recently, we've observed many large whales beginning to position for October's market movements, hoping for a favorable market trend in the final four months of this year.
