According to BlockBeats, data from Greeks.live indicates that 21,000 BTC options are set to expire today, with a maximum pain point of $69,000 and a nominal value of $1.5 billion. Additionally, 230,000 ETH options are also due to expire today, with a maximum pain point of $3425 and a nominal value of $800 million.
Adam, a researcher at Greeks.live, stated that the volatility level in the cryptocurrency market has significantly increased this week. The struggle for $70,000 and $3500 has been intense, but there has been a noticeable decline in the implied volatility (IV) for all major terms. Selling calls has been the main transaction this month, suggesting that halving expectations may have been overdrawn.
The inflow of ETF funds has slowed down recently, and the market lacks new hotspots, leading to a somewhat depressed mood. Selling medium and long-term options seems to be a good choice, while short-term purchases may be worth considering due to the presence of halving.