According to TechFlow, Greeks.live analyst Adam said that 24,000 BTC options are about to expire, with a Put Call Ratio of 1.08, a maximum pain point of $58,500, and a nominal value of $1.4 billion. At the same time, 157,000 ETH options are also about to expire, with a Put Call Ratio of 0.37, a maximum pain point of $3,100, and a nominal value of $490 million.
The crypto market rebounded slightly this week, and the IV of major maturities fell sharply, falling to a new low since March. Quarterly delivery and large fluctuations created a perfect entry opportunity for sellers. This week, option sellers opened a large number of positions, which also became a driving force to lower the IV of major maturities. The market atmosphere is not optimistic. The news of ETH ETF has been postponed. Even if the ETF is listed as scheduled, the mainstream view is that it will not bring in funds quickly. The US stock market is also relatively weak. The entire risk asset market is counting on the September interest rate cut to save it.
