Greeks.live: The crypto market performed poorly in the first two weeks of Q4, with options holdings falling to a new low since 2023

Odaily Planet Daily reports that Greeks.live macro researcher Adam released the October 11 options delivery data on X: 18,000 BTC options expired, with a Put Call Ratio of 0.91, the biggest pain point being $62,000 and a nominal value of $1.1 billion. Also, 212,000 ETH options expired with a Put Call Ratio of 0.4; the biggest pain point was at $2,450 and had a nominal value of $510 million.

The cryptocurrency market continues to be weak; currently there is fierce competition around the key position of $60,000 for Bitcoin while Ethereum is also near its long-term support line at around $2,300 - market changes could happen overnight. The performance in the first two weeks of this fourth quarter has been poor and the options market has also been sluggish; current option holdings have fallen to new lows since 2023. In addition to this information it's worth noting that as of November 8th BTC's flat IV was only at about 50%, large bullish transactions have gradually become active this week and there may likely be some action in the markets before or after US elections.