According to PANews, Greeks.live macro analyst Adam posted on the X platform that 21,000 BTC options will expire today, with a Put Call Ratio of 0.83, a maximum pain point of $98,000, and a nominal value of $2.1 billion.
In addition, 164,000 ETH options will expire today, with a Put Call Ratio of 0.68, a maximum pain point of $3,700, and a notional value of $640 million.
This week's market is mainly adjusted, with Bitcoin adjusting slightly and altcoins adjusting more. As Christmas and annual delivery approach, market makers begin to adjust their positions.
Recently, the proportion of large call option transactions is relatively high, with an average daily share of more than 30%. In previous years, the popularity of European and American transactions declined during Christmas. This year, the influence of US stocks on cryptocurrencies has increased, and the phenomenon may be more obvious.
Options market data show that market makers are relatively cautious, and sharp fluctuations have led to a slight increase in the IV of major maturities. Options are suitable for short-term speculation, and buying options is cost-effective.
