On October 6, the market is preparing for the expiration of a significant volume of options contracts. To be precise, there will be 14,000 Bitcoin (BTC) options contracts expiring, with a total value of $400 million, along with 200,000 Ethereum (ETH) options contracts expiring, valued at $330 million.

1. Bitcoin (BTC) Options Statistics: Currently, there are 14,000 BTC options set to expire soon. These options exhibit a Put Call Ratio of 0.89, with a maximum pain point at $27,000, and collectively represent a notional value of $400 million.

2. Ethereum (ETH) Options Overview: In contrast, there are 200,000 expiring ETH options. These options have a Put Call Ratio of 0.87, a maximum pain point at $1,650, and a combined notional value of $330 million.

BTC and ETH Options Expire

BTC has been the driving force behind the recent upward trend in the market over the past week. Despite this, implied volatilities (IVs) have largely remained in check. This subdued volatility can be attributed in part to lower trading volumes during Asian trading hours due to holidays.

Nevertheless, historical data indicates that the fourth quarter, particularly the month of October, typically experiences an upward trajectory in the cryptocurrency market. This historical pattern provides optimism for increased market activity in the coming months.

Reflecting on the options data from September 29th, there were 118,000 BTC options available, featuring a Put Call Ratio of 0.58. The maximum pain point was observed at $26,500, and the total notional value of these options amounted to $3.2 billion.