The crypto market braces for potential volatility as $7.7 billion worth of Bitcoin and Ethereum options expire today.
Bitcoin options make up $5.8 billion, while Ethereum options account for $1.9 billion. Analysts predict the market impact could cause sudden price shifts.
According to Deribit, 89,037 Bitcoin contracts and 719,130 Ethereum contracts expire, leading to possible instability.
Put-to-call ratios reveal a generally bullish sentiment. Bitcoin's ratio is 0.64, and Ethereum's is 0.47, indicating stronger bullish expectations for Ethereum.
Max pain points suggest Bitcoin and Ethereum prices may hover around $59,000 and $2,550, respectively.
Despite recent positive momentum, traders are advised to remain cautious due to historical short-term instability following options expiration. Analysts are optimistic about the fourth quarter, anticipating favorable market conditions.
