Oct 31, 2025
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$16 Billion Bitcoin and Ethereum Options Expiry Anticipates Major Volatility
The crypto market is experiencing selling pressure ahead of a significant options expiry on October 31.
Bitcoin Price Movement
- Bitcoin's price has fluctuated between $116,000 and $106,000 recently, with current levels near $110,000.
- Institutional sentiment is waning as spot Bitcoin ETFs see negative flows.
- 124,171 Bitcoin options contracts, valued at $13.59 billion, are set to expire.
- A put-to-call ratio of 0.70 indicates mildly bullish sentiment, with more call options than puts.
- The max pain point is at $114,000, but Bitcoin faces resistance at $112,340.
Ethereum Price Movement
- Ethereum's price has dropped below $4,000, currently trading at $3,837.
- 646,902 Ethereum options contracts, worth $2.49 billion, are set to expire.
- The max pain level for Ethereum is at $4,100.
- A similar put-to-call ratio of 0.70 suggests mildly bullish sentiment, though traders show defensive behavior.
- Call open interest exceeds put contracts, indicating upside exposure alongside hedging against potential downside.
