Greeks.live: The crypto market was not doing well in the first two weeks of Q4, and option holdings fell to a new low since 2023

Greeks.live macro researcher Adam released the option delivery data on October 11 on X: 18,000 BTC options expired, the Put Call Ratio was 0.91, the maximum pain point was $62,000, and the notional value was $1.1 billion. 212,000 ETH options expired, the Put Call Ratio was 0.4, the maximum pain point was $2,450, and the notional value was $510 million. Cryptocurrency continued to be weak, and the current $60,000 key point was fiercely contested. ETH was also near the long-term support line of $2,300, and the market may change overnight. The market conditions in the first two weeks of the fourth quarter of this year were not good, and the options market was also relatively sluggish. The current option holdings have fallen to a new low since 2023. In addition, the BTC par IV on November 8 was only 50%. This week, the bulk bullish transactions gradually became active, and there is a high probability of a market before and after the US election.