Bitcoin and Ethereum options data show rising confidence as analysts predict price surges in Q4.
Greeks.Live has recently shared the latest Bitcoin and Ethereum options data, which coincides with increasing confidence in the crypto market. Released on September 27 and shared by the Chinese reporter Colin Wu, the data shows a significant number of expiring options, aligning with the recent market rally.
Bitcoin options are expiring with a notable Put Call Ratio of 0.64, a Max Pain point of $59,000, and a total notional value of $5.8 billion.
27 Sep Options Data
89,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $59,000 and a notional value of $5.8 billion.
718,000 ETH options are about to expire with a Put Call Ratio of 0.47, a Maxpain point of $2,500 and a notional value of…— Wu Blockchain (@WuBlockchain) September 27, 2024
Meanwhile, Ethereum options are expiring with a Put Call Ratio of 0.47, a Max Pain point of $2,500, and a notional value of $1.9 billion. The data arrives as the third quarter ends, and the crypto market has experienced strong momentum, particularly influenced by the Federal Reserve’s recent 50 basis points rate cut.
Options Expiry and Market Impact
Today marks the third quarter delivery day, which has traditionally sparked significant market activity. The combination of expiring options, shifting positions, and margin releases indicates that all major term implied volatility (IV) levels remain low. As the quarter wraps up, downward pressure on IV persists, suggesting that the market is primed to position for the fourth quarter.
Greeks.Live also noted that this period brings substantial trading opportunities, given the historical tendency for positive performance in the fourth quarter.
Bullish Scenarios Starting Q4
Also note that analysts expect further price increases in the coming months. Forecasts from prominent market observers, including PlanB, the creator of the Bitcoin stock-to-flow (S2F) model, indicate a potentially dramatic price surge for Bitcoin starting in October.
Key events such as the U.S. election anticipated ETF inflows, and potential regulatory shifts could drive substantial market movement. Predictions outline a sequence of events, with October labeled as a classic pump month, projecting Bitcoin prices to reach $70,000. Further gains are expected through the end of the year, driven by market sentiment, political developments, and institutional inflows.
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