GreeksLive reports that 16,000 Bitcoin options, with a notional value of $1.28 billion and a maximum pain point of $82,000, are set to expire on October 23rd. Additionally, 58,000 Ethereum options with a notional value of $250 million and a maximum pain point of $2,460 will also expire. While the current expiration size is relatively small and Bitcoin is showing strong support around the $80,000 mark, the market remains in a bottoming phase of a bear market. Current implied volatility (IV) is at a low level, consistently above 35%, indicating subdued market expectations for future price swings. The Gex structure is described as dispersed, lacking the usual concentration around round numbers, suggesting a low market consensus. Cyclical analysis indicates that conditions for a large bull market are not yet in place. Given the low IV for out-of-the-money monthly options, implementing directional protection with a bearish bias is considered cost-effective.
#crypto #blockchain #news #BTC #Bitcoin
Blockchain Report
npub1cg…nmysr
2026-10-22 15:00:18 UTC
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrSeen on
wss://nos.lolPublished at
2026-10-22 15:00:18 UTCEvent JSON
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"content": "GreeksLive reports that 16,000 Bitcoin options, with a notional value of $1.28 billion and a maximum pain point of $82,000, are set to expire on October 23rd. Additionally, 58,000 Ethereum options with a notional value of $250 million and a maximum pain point of $2,460 will also expire. While the current expiration size is relatively small and Bitcoin is showing strong support around the $80,000 mark, the market remains in a bottoming phase of a bear market. Current implied volatility (IV) is at a low level, consistently above 35%, indicating subdued market expectations for future price swings. The Gex structure is described as dispersed, lacking the usual concentration around round numbers, suggesting a low market consensus. Cyclical analysis indicates that conditions for a large bull market are not yet in place. Given the low IV for out-of-the-money monthly options, implementing directional protection with a bearish bias is considered cost-effective.\n\n#crypto #blockchain #news #BTC #Bitcoin ",
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}