BTC options worth $1.34 billion will expire today, with the biggest pain point at $58,000

BlockBeats news, on September 13, Greeks.live researcher Adam posted on social media that 23,000 BTC options will expire and be delivered today, with a Put Call Ratio of 0.87, a maximum pain point of $58,000, and a nominal value of $1.34 billion.

In addition, 127,000 ETH options will expire and be delivered today, with a Put Call Ratio of 0.73, a maximum pain point of $2,400, and a nominal value of $298 million.

Adam said that this week, cryptocurrencies rebounded overall, while market volatility expectations were declining, and the maximum pain point once again kept up with prices. As the Fed's expectations of a 25 basis point rate cut next week gradually converged, the main term IVs all declined. September was as weak as expected, especially ETH, which was extremely weak. The exchange rate against BTC has fallen below the long-term support level of 0.04. It seems that BTC is still the engine of the next bull market.