Bitcoin and Ethereum Options Expiry Go Test $112K Breakout
Bitcoin option expiry and Ethereum option expiry on October 31 go see 13.4 billion dollars BTC contracts and 2.5 billion dollars ETH contracts expire, making up part of record big 15.9 billion dollars crypto options. Data from Deribit show say put-to-call ratio dey 0.7 for both markets and dem put Bitcoin max pain for 114,000 dollars and Ethereum for 4,100 dollars. Bitcoin, wey dey trade near 108,000 dollars, dey face breakout test for 112,000 dollars — if e sharp pass this level, wey Bitcoin options expiry dey push, e fit trigger short squeeze; if e no hold support for 107,000 dollars fit fall go 103,000–104,000 dollars. For Ethereum, ETH options expiry and Bitcoin-led rally fit carry ETH go 4,200 dollars. History expiries dey increase volatility by 5–10%, so traders suppose dey watch important levels near Bitcoin and Ethereum option expiry to prepare breakout or correction moves.
Neutral
Di simultaneous Bitcoin options expiry and Ethereum options expiry dey cause serious short-term wahala for market wey no get clear direction. If e go pass $112,000, e fit trigger bullish movement and short squeezes, but if e no fit hold di support level, e fit make market drop. Because both bullish and bearish reasons balance, market impact go remain neutral as traders dey monitor key levels and dey hedge their positions.