According to BlockBeats, on December 20, according to Greekslive data, 21,000 BTC options will expire today, with a Put Call Ratio of 0.87, a maximum pain point of $101,000, and a nominal value of $2.04 billion.
173,000 ETH options will expire today, with a Put Call Ratio of 0.5, a maximum pain point of $3,750, and a notional value of $590 million.
Adam, an analyst at Greekslive, said that this week, BTC entered a correction after failing to hit $110,000. This was a cleanup of the more aggressive leveraged longs after stabilizing at $100,000. At the same time, the adjustment of altcoins has lasted for nearly a month. According to the experience of the previous bull market, a major correction of Bitcoin will usher in a season of altcoins, but the intensity of Bitcoin's correction is still uncertain.
As Christmas and annual settlement approach, ETF funds begin to flow out significantly, and market makers continue to adjust their positions. Recently, the proportion of large call option transactions is high, with an average daily share of over 30%. More than 40% of options expire at the end of the year, and the large amount of margin released is likely to drive the implied volatility down. The cost-effectiveness of buying options in the next week will be very high.
