🟠On November 22, Bitcoin and Ethereum options worth $3.4 billion are set to expire.
🟠For Bitcoin, 28,905 contracts will expire with a max pain point at $86,000 and a put/call ratio of 1.09, signaling bearish sentiment.
🟠Ethereum, in contrast, shows optimism with 164,687 contracts expiring at a max pain point of $3,050 and a put/call ratio of 0.66. The “max pain” theory suggests that prices may gravitate toward these levels to maximize losses for options holders.
🟠Analysts believe that any corrections linked to the expiration are unlikely to disrupt the overall trend. Growing interest in ETFs, including BlackRock’s IBIT options, continues to fuel positive sentiment. Traders should remain cautious, however, as heightened volatility is expected.