As reported by COINOTAG on November 28th, significant movements in the cryptocurrency derivatives market are underway. Data from Deribit shows that an impressive $9.4 billion in nominal value of Bitcoin (BTC) options is scheduled to expire, reflecting a Put/Call Ratio of 0.83 and a notable max pain price pegged at $80,000. These metrics serve as critical indicators for market sentiment and potential price movements.
Additionally, the expiration of approximately $1.45 billion in nominal value of Ethereum (ETH) options is also imminent. This segment displays a Put/Call Ratio of 0.73, coupled with a max pain price of $2,900. Investors and traders should closely monitor these developments as they can influence both immediate and long-term price actions in the crypto market.