According to recent updates from COINOTAG News, substantial BTC options totaling a notional value of $15.4 billion are set to expire tomorrow. This event is marked by a Put/Call Ratio of 0.76, indicating a slight bearish sentiment among investors, while the maximum pain point stands at $98,000. Furthermore, the Ethereum market also faces significant movements, with $4.1 billion in ETH options slated for expiration. Here, the Put/Call Ratio is more favorable at 0.49, suggesting a stronger bullish outlook, alongside a maximum pain point of $2,700. Traders should closely monitor these expirations as they may influence market volatility and pricing strategies moving forward.
Source: https://en.coinotag.com/breakingnews/upcoming-15-4-billion-btc-options-expiry-what-the-0-76-put-call-ratio-means-for-bitcoin-traders/