According to ChainCatcher news, Greeks.Live analyst Adam stated on social media that BTC fell below $91,000 this week due to the weakness of the U.S. stock market, reaching a new low in nearly a month. Market panic sentiment is rising, and the implied volatility (IV) of short-term options has significantly increased. The benefits brought by Trump's impending inauguration are mainly reflected in the long term, while the Federal Reserve's interest rate meeting in January is expected to keep interest rates unchanged.
Greeks.live suggests that investors pay attention to BTC price trends and ETF capital flows. In unfavorable market conditions, short-term put options can be purchased for hedging, while in improving market conditions, monthly call options can be arranged.
Greeks.live data shows that this round of options expiration involves 19,000 BTC options and 141,000 ETH options, with notional values of $1.81 billion and $460 million, respectively. The Put Call Ratio for BTC options is 0.65, with the maximum pain point at $97,000; the Put Call Ratio for ETH options is 0.48, with the maximum pain point at $3,450.
