TechFlow news: On November 22, Greeks.live posted on X that 29,000 BTC options expired with a Put Call Ratio of 1.1, maximum pain at $86,000, and notional value of $2.84 billion; 164,000 ETH options expired with a Put Call Ratio of 0.65, maximum pain at $3,050, and notional value of $550 million.
Bitcoin continues to surge, approaching $100,000. Ethereum has also driven a rebound in altcoins. iBit options have started trading, and significant U.S. capital is flowing into ETFs, strongly fueling the spot market bull run with multiple positive catalysts. Approximately 8% of open positions will expire this week. The sharp rise in ETH has caused a notable increase in implied volatility (IV) for major-dated ETH options, while BTC at-the-money IV for major-dated options remains relatively stable. Market sentiment remains extremely bullish, and the broad-based rally has somewhat alleviated downside risks for Bitcoin.
