BTC And ETH October Options Expiry Set To Impact Market

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, announced on X that the BTC October quarterly options will expire this Friday, the 25th, at 4 PM (UTC+8). The total open interest for these options is valued at $4.34 billion, with a put/call ratio of 0.62 and the maximum pain point at $64,000. Chen noted that a maximum pain point below the current price does not typically indicate a short-term price drop before expiry. Instead, it suggests significant upward pressure on the market in the coming days, increasing the risk of market volatility. Additionally, this Friday will also see the expiry of ETH October options, with a total nominal open interest of $1.077 billion. The put/call ratio for ETH options stands at 0.93, with the maximum pain point at $2,600. The high proportion of put options indicates substantial hedging activity, reflecting a market sentiment that has not yet regained confidence in ETH compared to BTC.