According to Wu, Greekslive revealed that 18,000 BTC options are about to expire, with a Put Call Ratio of 0.65, a maximum pain point of $61,500, and a notional value of $1 billion. In addition, 164,000 ETH options are also about to expire, with a Put Call Ratio of 0.36, a maximum pain point of $3,350, and a notional value of $470 million.
At the beginning of July, major cryptocurrencies fell to their lowest levels in several months, and the market experienced huge fluctuations as soon as the quarterly delivery was completed. The IV of major maturities increased significantly, and the IV of put options of mainstream coins increased significantly, and the term structure showed an inverted phenomenon of far low and near high.
