98,000 BTC options and 412,000 ETH options expire

According to Greekslive, on November 29, 98,000 BTC options expired, with a Put Call Ratio of 0.84, a maximum pain point of $80,000, and a notional value of $9.48 billion. 412,000 ETH options expired, with a Put Call Ratio of 0.75, a maximum pain point of $2,900, and a notional value of $1.47 billion. The market sentiment is optimistic, with ETH leading the rebound and Altcoins rotating upwards. However, the options market shows a cautious sentiment, with institutions concerned about volatility in the year-end market. More than 40% of the positions will expire next month, and the Christmas market and relocation operations may put pressure on implied volatility.