Ethereum

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>$1.97 billion Bitcoin options and $350 million Ethereum options expired today.</li> 
 <li>BTC is trading above $69,000 and ETH is priced at $2,500.</li> 
</ul> 
November 1st options data is delivered, showing that almost $2 billion in Bitcoin and Ethereum options expired today. 
According to Greeks.live data, 28,000 BTC options expired with a Put Call Ratio of 0.92, a Maxpain point of $69,000, and a notional value of $1.97 billion. 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GbRQcWQakAIS4iu?format=jpg&amp;name=4096x4096" alt="Greeks.live via X" width="2095" height="1131" title="28K Bitcoin Options and 137K Ethereum Options Expired Today 21">
 <figcaption class="wp-caption-text">
 Greeks.live via X
 </figcaption>
</figure> 
Also, 137,000 ETH options with a Put Call Ratio of 0.69, a Maxpain point of $2,550, and a notional value of $350 million expired. 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GbRQbSMakAQcoaO?format=jpg&amp;name=4096x4096" alt="Greeks.live via X" width="2063" height="1135" title="28K Bitcoin Options and 137K Ethereum Options Expired Today 22">
 <figcaption class="wp-caption-text">
 Greeks.live via X
 </figcaption>
</figure> 
The options expiry data came following an exciting week for Bitcoin which topped $73,500 on October 29, fueled by multiple factors. 
<h2 id="btc-price-trades-above-69-000">BTC Price Trades Above $69,000</h2> 
At the moment of writing this article, BTC is trading above $69,000, down by over 4% in the past 24 hours. 
<figure id="attachment_52528" aria-describedby="caption-attachment-52528" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545.jpeg"><img loading="lazy" decoding="async" class="wp-image-52528 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545.jpeg" alt="BTC price in USD today" width="1200" height="800" title="28K Bitcoin Options and 137K Ethereum Options Expired Today 23" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-01T091714.545-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-52528" class="wp-caption-text">
 BTC price in USD today
 </figcaption>
</figure> 
This week was marked by a significant price rally for BTC which debuted on October 28 from price levels of $67,000, reaching its maximum price since March above $73,500. 
The coin’s price rally was fueled by multiple factors including whale accumulation, the upcoming US elections next week, and significant inflows in BTC ETFs in the US. 
On October 31, the crypto products recorded over $32 million in inflows, and on October 30, they saw over $893 million in inflows, the biggest day since June. 
BTC ETFs saw a significant streak of inflows which debuted on October 11, at over $253 million, and continued until yesterday. During this period, the only outflow day was October 14, when the crypto products saw outflows of $79 million. 
The total net assets locked in the US BTC ETFs as of October 31 were over $70 billion and the total cumulative flows in the crypto products since their January debut was over $24.2 billion, according to SoSoValue data. 
<figure id="attachment_52529" aria-describedby="caption-attachment-52529" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue.png"><img loading="lazy" decoding="async" class="wp-image-52529 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue.png" alt="SoSoValue data" width="1502" height="558" title="28K Bitcoin Options and 137K Ethereum Options Expired Today 24" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue.png 1502w, https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue-300x111.png 300w, https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue-1024x380.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue-768x285.png 768w, https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue-750x279.png 750w, https://crypto.ro/en/wp-content/uploads/2024/11/sosovalue-1140x424.png 1140w" sizes="(max-width: 1502px) 100vw, 1502px"></a>
 <figcaption id="caption-attachment-52529" class="wp-caption-text">
 SoSoValue data
 </figcaption>
</figure> 
Following this week’s rally, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">BTC</a> recorded a price drop that debuted yesterday and reached a dip today around $68,900 ahead of a quick rebound above $69,000. 
Data from<a href="https://www.coinglass.com/LiquidationData" rel="nofollow noopener" target="_blank"> CoinGlass</a> shows that BTC liquidations in the past 24 hours were almost $90 million, $80 million in long positions, and over $9 million in short positions. 
Greeks.live shared a <a href="https://x.com/GreeksLive/status/1852179613901853171" rel="nofollow" target="_blank">post</a> via X earlier today, highlighting their previous prediction of a significant whale dump. 
They also noted that the BTC ATM IV predicted for November 8 is close to 70%. 
<h2 id="eth-price-trades-at-2-500">ETH Price Trades at $2,500</h2> 
Regarding Ethereum’s price today, at the moment of writing this article, the coin is trading at $2,500, down by more than 5% in the past 24 hours. 
<figure id="attachment_52530" aria-describedby="caption-attachment-52530" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11.jpeg"><img loading="lazy" decoding="async" class="wp-image-52530 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11.jpeg" alt="ETH price in USD today" width="1200" height="800" title="28K Bitcoin Options and 137K Ethereum Options Expired Today 25" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-11-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-52530" class="wp-caption-text">
 ETH price in USD today
 </figcaption>
</figure> 
Unlike BTC, <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">ETH</a> performed poorly throughout the entire year, despite the launch of ETH ETFs in the US. The crypto products didn’t see the success of BTC ETFs. 
In the past 24 hours, ETH saw liquidations of over $45 million, $41 million in long positions, and $4.3 million in shorts. 
The crypto market is expected to see increased volatility as the US Elections are approaching.

28K Bitcoin Options and 137K Ethereum Options Expired Today

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