TechFlow reports that on September 20, Adam, researcher at Greeks.live, tweeted that 20,200 Bitcoin options are set to expire with a put-to-call ratio of 0.86, maximum pain point at $59,000, and a notional value of $1.28 billion. Meanwhile, 125,000 Ethereum options will also expire, with a put-to-call ratio of 0.67, maximum pain point at $2,350, and a notional value of $320 million.
The Federal Reserve cut interest rates by 50 basis points, exceeding market expectations, significantly boosting market confidence. As Q3 nears its end, investors are positioning for Q4. After the rate cut took effect, implied volatilities across major tenors declined, a trend potentially exacerbated by the approaching quarterly expiry. Notably, Bitcoin has performed relatively well since September, while Ethereum has been weaker. Its exchange rate against Bitcoin rebounded from the long-term support level of 0.04, making October's price action worth watching.
