Nearly $2.8 billion in BTC and ETH options expire tomorrow, with max pain levels at $76,000 and $2,200, respectively.

According to TechFlow, on November 12, Greeks.live analyst Adam released a November 13 options settlement report stating that approximately $2.78 billion in Bitcoin and Ethereum options will expire this Friday.

Of these, approximately 34,000 BTC options are set to expire, with a notional value of $2.48 billion, a Put/Call Ratio of 0.52, and a max pain level of $76,000; approximately 148,000 ETH options are set to expire, with a notional value of $300 million, a Put/Call Ratio of 1.55, and a max pain level of $2,200.

Adam noted that due to market selling pressure, the current prices of BTC and ETH have both fallen below their respective max pain levels. Meanwhile, BTC's volume Put/Call Ratio over the past 24 hours briefly rose to 1.64, reflecting increased demand for short-term put options. Currently, BTC short-term implied volatility is above the medium-term level, and the market remains cautious about price volatility before and after settlement.

Source: TechFlow