October 19, 2025. The crypto market is buzzing. 🚀 Over $4.6 billion in Bitcoin and Ethereum options are set to expire. The "max pain" for Bitcoin? 112,000 $. Ethereum? 4,400 $. These numbers could attract prices like magnets. 🧲 The Bitcoin put/call ratio is at 1.41. Bearish, it seems. Ethereum, on the other hand, shows 0.77. Calls are popular. 📊 The implied volatility of Ethereum is soaring to 70%. Bitcoin is bouncing back to 40%. It's moving! 📈 September, a complicated month for cryptos. It seems that institutions are slowing down the flows. 📅 Traders are wary. Block puts are exploding. 30% of options volume today. Amazing. 🛡️ The big question: stability or rebound after expiration? Hard to say. 🤔 After 8:00 AM UTC, the market should calm down. But beware of surprises. A rise could change everything. 🌕 It's a bit vague, but it promises to be interesting.

On the technical front for BTC, the daily chart shows that the price has been continuously falling, forming multiple Bearish lines, presenting an overall weak pullback trend. The hourly chart has seen relatively small Fluctuation recently, but has not been able to break through the previous high around 107500, remaining in a weak oscillation state in the short term. In the hourly chart of the technical indicator MACD, both DIF and DEA are below the zero line, and the MACD histogram continues to show negative values, indicating that bearish forces are dominant. EMA7, EMA30, and EMA120 hourly charts are in a bearish arrangement, with prices running below all moving averages. The short-term resistance is concentrated near EMA7, so recent operations should continue to focus on bearish positions. Afternoon thoughts: Bitcoin can pullback around 108500-107500, targeting around 105000-104000. Ethereum is fluctuating around 3910-3950, with a target of around 3800-3750.