41,000 BTC and 228,000 ETH options expire today, with the biggest pain point for BTC being $105,000.

On November 14th, 41,000 BTC and 228,000 ETH options expired, with BTC's biggest pain point at $105,000. Bitcoin fell below $100,000, Ethereum saw three consecutive months of decline, market sentiment turned negative, implied volatility soared, and risk aversion became the dominant theme. Caution is advised.