Greeks.live data shows that on April 12th, there were 21,000 BTC options expiring with a Put Call Ratio of 0.62 and a maximum pain point of $69,000, with a nominal value of $1.5 billion. Additionally, 230,000 ETH options also expired with a Put Call Ratio of 0.49 and a maximum pain point of $3,425, with a nominal value of $800 million. Greeks.live stated that the volatility of the cryptocurrency market has significantly increased this week, with intense competition for $70,000 and $3,500. However, the IV of major expiration dates has decreased significantly, and selling bullish options has been the main transaction this month. The halving expectation seems to have been overdrawn.
