📅 Today's agenda: $2.65 billion in options, followed by the jobs report
Today is no ordinary day — two major events, five and a half hours apart, with the market caught between them at a critical level.
• 11:00 — Bitcoin options expire on Deribit: 33,135 BTC worth $2.65 billion, max pain at $79,000, and a put-to-call ratio of 0.33 — calls dominate the expiring contracts
• 16:30 — U.S. October jobs report: forecast of 65,000 jobs after 29,000 in September, unemployment at 4.2%, and wages up 0.3% month over month
• 18:00 — University of Michigan consumer sentiment
Why does it matter? The report will determine the odds of a December rate hike, currently priced at around 78% in favor. A strong report confirms the hike and puts pressure on the market, while a weak report eases the pressure and opens the door to a rebound.
Quick question: Which figure do you think will move the market more today — the number of jobs or the unemployment rate? Write “jobs” or “unemployment.”
Source: Forex.com, Deribit, U.S. Bureau of Labor Statistics — November 6, 2026
#Bitcoin #Crypto
Today is no ordinary day — two major events, five and a half hours apart, with the market caught between them at a critical level.
• 11:00 — Bitcoin options expire on Deribit: 33,135 BTC worth $2.65 billion, max pain at $79,000, and a put-to-call ratio of 0.33 — calls dominate the expiring contracts
• 16:30 — U.S. October jobs report: forecast of 65,000 jobs after 29,000 in September, unemployment at 4.2%, and wages up 0.3% month over month
• 18:00 — University of Michigan consumer sentiment
Why does it matter? The report will determine the odds of a December rate hike, currently priced at around 78% in favor. A strong report confirms the hike and puts pressure on the market, while a weak report eases the pressure and opens the door to a rebound.
Quick question: Which figure do you think will move the market more today — the number of jobs or the unemployment rate? Write “jobs” or “unemployment.”
Source: Forex.com, Deribit, U.S. Bureau of Labor Statistics — November 6, 2026
#Bitcoin #Crypto
