Data: $4.68 billion in BTC and ETH Options will expire on Friday, with maximum pain points of $105,000 and $3,475 respectively.

Deep Tide TechFlow news, on November 14, Greeks.live macro analyst Adam posted on social media, “41,000 BTC Options are expiring, the Put Call Ratio is 0.61, the maximum pain point is $105,000, and the notional value is $3.95 billion.”

228,000 ETH Options expired, Put Call Ratio is 0.59, maximum pain point is $3475, notional value is $730 million.

Both Bitcoin and Ethereum prices are continuing to decline. Currently, BTC has fallen below the $100,000 mark, with no significant signs of a rebound. ETH has recorded three consecutive monthly declines, and market sentiment is beginning to shift from neutral to negative.

From the main options data, the implied volatility has fully rebounded, with the mid to short-term IV of BTC approaching 50%, averaging around 45%. The main term IV of ETH is also significantly above 70%, with the mid to short-term IV nearing 100%, and volatility expectations continue to rise.

The trading volume and proportion of Bitcoin put options have continued to rise, with a current trading proportion of 30% being the norm, and hedging is the main objective now. This year's fourth quarter market can be said to be the worst in years, as there is significant market divergence due to macro uncertainties and other factors, making leveraged operations inadvisable.