As September’s downward trend in the crypto market continues, option contract expiration looms this Friday. $3.36 billion worth of Bitcoin and $1.28 billion worth of Ethereum options will expire on Deribit, a derivatives exchange. 📈 📉 📊 💰 A key takeaway from the first weekly data for September: the Put/Call Ratio for BTC options is 1.42, with a potential maximum loss point of $112,000 and notional value of $3.36 billion. Meanwhile, ETH options show a more optimistic outlook, with a Put/Call Ratio of 0.77. This ratio suggests a cautious but bullish sentiment in the market as buy orders outweigh sell orders for Ethereum. However, Bitcoin options indicate caution: the ratio of 1:42 indicates that sell orders outnumber buy orders. This suggests bearish sentiment among traders, who are positioning themselves for potential downside in Bitcoin. Analysts at Greeks.live highlight a month-long Bitcoin price correction and a two-week pullback for Ethereum. They further note a history of challenges for the crypto market during September, pointing to a general market weakness. This is consistent with the options market’s own downward trend, lacking confidence for strong performance this month. *This is not investment advice.*