The crypto market is expected to experience significant price action as $2.29 billion worth of Bitcoin and Ethereum options contracts expire. The expiration involves 28,125 Bitcoin contracts and 137,866 Ethereum contracts. Despite recent declines in both assets, the put-to-call ratios suggest a bullish sentiment. Greek.live analysts believe that the US election and recent price drops have led to increased implied volatility and trading opportunities. Bitcoin is currently trading above its max pain point of $69,000, while Ethereum remains below its max pain point of $2,550. Traders should anticipate short-term market volatility and fluctuations as a result of the expiration. Additionally, the nonfarm payrolls report and the US elections could also affect market trends.



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