TechFlow news, on November 8, Adam, macro analyst at Greeks.live, posted on X stating that today marks the expiry of concentrated BTC and ETH options in the options market. Data shows 49,000 BTC options expiring with a Put Call Ratio of 0.72, maximum pain at $69,000, and a notional value reaching $3.7 billion; ETH options expiring amount to 295,000 contracts, with a Put Call Ratio of 0.65, maximum pain at $2,500, and a notional value of $860 million.
Adam analyzed that following Trump's election victory, Bitcoin surged significantly this week, breaking through $75,000 to reach an all-time high, driving Ethereum's rebound to $2,900. Today's expiring options account for 15% of total open interest, but the maximum pain point remains unaffected. Influenced by the election, short-term options' implied volatility (IV) has dropped sharply, reflecting optimistic market sentiment, and the strong performance in Q4 is likely to continue.
