### Cryptocurrency News

- On Friday, October 11, 18,800 Bitcoin options with a notional value of about $1.1 billion expire.

- The put/call ratio is 0.91 and the maximum pain point is $62,000, which is $1,500 higher than the current spot price.

- Open interest at the $70,000 level is $790 million, at the $80,000 level it is $723 million, and at the $100,000 level it is $964 million.

- Also expiring are 212,000 Ethereum options with a notional value of $510 million and a maximum pain point of $2,450.

- The total value of options expiring this week is $1.6 billion.

- Spot markets continue to decline, total market cap fell 1.4% to $2.21 trillion.

- Bitcoin fell to $58,900 but recovered to $60,500.

- Ethereum fell to $2,335 but recovered to $2,400.

- Greeks note that weak market creates new trading opportunities for long-term positions.