89,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $59,000 and a notional value of $5.8 billion. 718,000 ETH options are about to expire with a Put Call Ratio of 0.47, a Maxpain point of $2,500 and a notional value of $1.9 billion. Today is the third quarter delivery day and crypto has rallied strongly in the last three weeks, fueled by the Fed's 50 bps rate cut, which has boosted market confidence immensely. The third quarter is coming to an end, and judging from data from previous years, the fourth quarter is usually good, and with the US election and two rate cuts, there should be plenty of trading opportunities. Quarterly delivery brings a large number of shifting positions and margin release, all major terms IV are at low levels. With the end of quarterly delivery, IV still has downward pressure, the last two weeks will be a good opportunity to layout the fourth quarter.
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