🔔More than $2.2 billion in options are about to expire, and the biggest pain point of BTC is $70,000
●At 16:00 this afternoon, $2.25 billion in BTC and ETH options will expire and be delivered. Among them, the Put Call Ratio of BTC options is 0.67, the biggest pain point is $70,000, and the nominal value is $1.25 billion: the Put Call Ratio of ETH options is 0.64, the biggest pain point is $3,650, and the nominal value is $1 billion.
●Greeks.live Gezhi analysis pointed out: This week, the Bank of Canada and the European Central Bank initiated interest rate cuts, and the entire venture capital market performed well. The crypto market is now driven by the dual wheels of BTC ETF and ETH ETF. The macro and news aspects are clearly differentiated, and the market atmosphere is relatively optimistic.
●The current implied volatility I of each major term of BTC is around 50%, and the I of each major term of ETH is around 55%, both of which have fallen to a reasonable level. This month, the BTC market will most likely be strongly correlated with the macro news of the Federal Reserve’s interest rate cut, while the ETH trend will be mainly affected by the news of ETF approval.
