🚨 October Expiry Alert. Over 16B in BTC + ETH options expire tomorrow at 08:00 UTC on Deribit. BTC: Put/Call: 0.73 (calls dominant) | Max Pain: 114K Positioning reads cautiously bullish. With US-China trade tensions visibly easing, upside risk is stronger, and traders are less hedged. ETH: Put/Call: 1.25 (more puts than calls) | Max Pain: 4.1K Even with the improved macro sentiment following the current events, ETH positioning leans cautious, with puts outweighing calls. The size of this expiry amplifies potential moves. But macro and policy risks still cap conviction. Will price gravitate to the max pain zones? Disclaimer: Deribit FZE is licensed by the Virtual Assets Regulatory Authority (VARA) for virtual asset exchange services, but does not offer derivatives to retail investors. DRB Panama Inc. is unregulated and serves retail and non-retail investors. Virtual assets are highly volatile, carry significant risk, and may lose full value. They are not insured or protected against potential losses.(Deribit)