Fast execution, robust charts, clean risk controls.
👉 Open account →
COINOTAG recommends • Exchange signup
🚀 Smooth orders, clear control
Advanced order types and market depth in one view.
👉 Create account →
COINOTAG recommends • Exchange signup
📈 Clarity in volatile markets
Plan entries & exits, manage positions with discipline.
👉 Sign up →
COINOTAG recommends • Exchange signup
⚡ Speed, depth, reliability
Execute confidently when timing matters.
👉 Open account →
COINOTAG recommends • Exchange signup
🧭 A focused workflow for traders
Alerts, watchlists, and a repeatable process.
👉 Get started →
COINOTAG recommends • Exchange signup
✅ Data‑driven decisions
Focus on process—not noise.
👉 Sign up →
Earlier this week, the price of Bitcoin dropped below the critical support level of $27,000 and is currently fluctuating around $26,800.
Approximately 24,000 BTC options are set to expire, offering a Put-Call Ratio of 1.23, a maximum pain point of $27,000, and a notional value of $640 million.
The increasing volume of Bitcoin futures and options contracts may contribute to the lackluster performance of cryptocurrencies in October.
Bitcoin is still trading just below the $27,000 resistance level: Options for Bitcoin and Ethereum that expire today!
Expiring Bitcoin Option Data
Earlier this week, the price of Bitcoin dropped below the critical support level of $27,000 and is currently fluctuating around $26,800. Market participants will closely watch for any volatility before the end of the week on Friday.
Approximately 24,000 BTC options are set to expire, offering a Put-Call Ratio of 1.23, a maximum pain point of $27,000, and a notional value of $640 million. Additionally, around 190,000 ETH options are nearing expiration, with a Put-Call Ratio of 0.71, a maximum pain level of $1,600, and a notional value of $290 million.
COINOTAG recommends • Professional traders group
💎 Join a professional trading community
Work with senior traders, research‑backed setups, and risk‑first frameworks.
👉 Join the group →
COINOTAG recommends • Professional traders group
📊 Transparent performance, real process
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing.
👉 Get access →
COINOTAG recommends • Professional traders group
🧭 Research → Plan → Execute
Daily levels, watchlists, and post‑trade reviews to build consistency.
👉 Join now →
COINOTAG recommends • Professional traders group
🛡️ Risk comes first
Sizing methods, invalidation rules, and R‑multiples baked into every plan.
👉 Start today →
COINOTAG recommends • Professional traders group
🧠 Learn the “why” behind each trade
Live breakdowns, playbooks, and framework‑first education.
👉 Join the group →
COINOTAG recommends • Professional traders group
🚀 Insider • APEX • INNER CIRCLE
Choose the depth you need—tools, coaching, and member rooms.
👉 Explore tiers →
Bitcoin (BTC) remains a dominant player, with a significant increase in weekly positions for BTC options. Notably, BTC Put positions make up 60% of the total, which is an unusual situation. On the other hand, Ethereum (ETH) seems to be progressing at a slower pace.
Bitcoin: Call & Put
Despite possible volatility, implied volatility (IV) has reached record-low levels during various underlying periods, with no clear signs of an imminent recovery. Moreover, liquidity has decreased recently, which may signal an important market event in the near future.
COINOTAG recommends • Exchange signup
📈 Clear interface, precise orders
Sharp entries & exits with actionable alerts.
👉 Create free account →
COINOTAG recommends • Exchange signup
🧠 Smarter tools. Better decisions.
Depth analytics and risk features in one view.
👉 Sign up →
COINOTAG recommends • Exchange signup
🎯 Take control of entries & exits
Set alerts, define stops, execute consistently.
👉 Open account →
COINOTAG recommends • Exchange signup
🛠️ From idea to execution
Turn setups into plans with practical order types.
👉 Join now →
COINOTAG recommends • Exchange signup
📋 Trade your plan
Watchlists and routing that support focus.
👉 Get started →
COINOTAG recommends • Exchange signup
📊 Precision without the noise
Data‑first workflows for active traders.
👉 Sign up →
The increasing volume of Bitcoin futures and options contracts may be contributing to the lackluster performance of cryptocurrencies in October. When Bitcoin’s open interest exceeds or reaches $7 billion, it often indicates increased greed among investors. Currently, that figure stands at $6.19 billion.
Bitcoin Price Movements
Bitcoin is still oscillating between $25,000 and $32,000, struggling to break through both support and resistance levels. On the daily chart, Bitcoin’s price is having difficulty surpassing the 200-day simple moving average level.
COINOTAG recommends • Traders club
⚡ Futures with discipline
Defined R:R, pre‑set invalidation, execution checklists.
👉 Join the club →
COINOTAG recommends • Traders club
🎯 Spot strategies that compound
Momentum & accumulation frameworks managed with clear risk.
👉 Get access →
COINOTAG recommends • Traders club
🏛️ APEX tier for serious traders
Deep dives, analyst Q&A, and accountability sprints.
👉 Explore APEX →
COINOTAG recommends • Traders club
📈 Real‑time market structure
Key levels, liquidity zones, and actionable context.
👉 Join now →
COINOTAG recommends • Traders club
🔔 Smart alerts, not noise
Context‑rich notifications tied to plans and risk—never hype.
👉 Get access →
COINOTAG recommends • Traders club
🤝 Peer review & coaching
Hands‑on feedback that sharpens execution and risk control.
👉 Join the club →
Currently, it is testing the 50-day simple moving average around $26,500, an important level. Below this point, a cluster of previous highs and lows adds further potential constraints to a selloff down to $25,000. To convincingly surpass the $32,000 resistance, Bitcoin needs to pass the 200-day simple moving average located around $28,000.
Some market analysts believe that Bitcoin’s price could drop to $20,000 before initiating the next bull run, possibly around the 2024 Bitcoin halving. However, developments and progress related to Bitcoin ETFs may limit this price drop.
