19,000 BTC options and 110,000 ETH options are about to expire
Adam, a macro researcher at Greeks.live, posted on X platform that 19,000 BTC options are about to expire, with a Put Call Ratio of 1.49, a maximum pain point of $55,000, and a nominal value of $2 billion.
110,000 ETH options are about to expire, with a Put Call Ratio of 0.88, a maximum pain point of $3,000, and a nominal value of $790 million.
The cryptocurrency market is booming this week, with Bitcoin once breaking through $64,000 and various fiat valuations reaching historic highs. The main term IVs are showing a clear upward trend, on par with the levels of January this year and March last year.
US funds are driving the spot bull market, which has seen amazing gains this week, but the increase in options trading volume and open interest has been small. In recent times, buyers have been more focused on protecting the spot market, and the influx of real funds has made the market structure very healthy. Bitcoin's current market share has already exceeded 50%, so the next focus after this bull market can be on Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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