61,000 BTC options and 490,000 ETH options will expire today, with a total notional value of $5.7 billion
As of today, the expiration date for 61,000 BTC options has a Put Call Ratio of 0.62, with a maximum pain point of $63,500 and a nominal value of $4.1 billion. 490,000 ETH options are set to expire with a Put Call Ratio of 0.45, a maximum pain point of $3,350, and a nominal value of $1.6 billion.
According to their analysis, the crypto market has entered a correction period this week, with the listing of the ETH ETF causing a significant drop in ETH prices, and the ETH/BTC exchange rate falling to its lowest level in months. The implied volatility (IV) of major terms has rebounded significantly, especially with short-term IV rebounding by over 10%. As monthly settlements come to an end and news from the Bitcoin conference this weekend is digested, next week's implied volatility may face significant downward pressure.
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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