Bitcoin (BTC), that sly fox, has leapt past the $120,000 mark, but beware! Today, Friday, October 3, a horde of $4.3 billion in Bitcoin and Ethereum options are set to expire, like a tragic opera with no happy ending. 🎭💸
The crypto markets, ever the drama queens, now face a new act of chaos, with volatility as unpredictable as a Parisian café waiter’s mood. 🌀
Over $4 Billion Bitcoin and Ethereum Options Expire Today: What Traders Should Expect
According to Deribit, Bitcoin leads the pack with $3.36 billion in options, while the max pain point-where dealers weep into their champagne-sits at $115,000. 🥂
The open interest (OI) for Bitcoin options is 27,962 contracts, and the put-to-call ratio (PCR) of 1.13 whispers of a slightly bearish plot. 🧛♂️
This PCR suggests a slightly bearish lean, with more puts (Sale options) than calls (Purchase contracts) in play. 📉
Ethereum, the quieter sibling, has $974.3 million in options, with a PCR of 0.93-neutral as a monk’s sigh. 🙏
Traders, ever the fools, watch the max pain level like a moth to a flame, hoping it won’t drag the price into chaos. 🕯️
With Bitcoin above $115,000, bullish traders may feel triumphant, but market makers lurk like shadows, ready to pull the price down. 🕵️♂️
This week’s expiry is a pale shadow of last week’s $21 billion disaster-though the drama remains as thick as a Parisian stew. 🍲
Traders Struggle in Extreme Chop As Ethereum Volatility Collapses
Analysts at Greeks.live call the market a “choppy price action” that’s harder to trade than a tightrope walker on a trampoline. 🎪
Traders are caught in a whirlwind, with 3% swings as common as a cab driver’s lies. 🚖
One particularly painful dynamic: short-dated options, which vanish like a magician’s rabbit. 🐇
“Options trading struggles – volatility whipsaw,” they wrote. 🌀
Ethereum’s options market, meanwhile, is a ghost town, with traders fleeing to Bitcoin’s spotlight. 🌟
Some sell ETH puts and BTC 120,000 calls, hoping for a stalemate. 🤝
Bulls cheer Bitcoin’s $120,000 return, but the expiry looms like a guillotine. 🗡️
Ethereum, meanwhile, is the forgotten child, left to wither without a catalyst. 🌾
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2025-10-03 08:37