According to ChainCatcher, Greeks.live researcher Adam posted on social media that 17,500 BTC options will expire and be delivered today, with a Put Call Ratio of 0.75, a maximum pain point of $63,000, and a nominal value of $1.07 billion.
In addition, 119,000 ETH options will expire and be delivered today, with a Put Call Ratio of 0.68, a maximum pain point of US$2,500, and a notional value of US$280 million.
Adam said that this week, A-shares and Chinese stocks attracted the attention of all markets, and cryptocurrencies were relatively weak. Even in the overall surge of Hong Kong stocks, blockchain stocks were on a downward trend, which reflected the weakness of the cryptocurrency market. Judging from the data of previous years, the market in the fourth quarter is generally good. The current sluggish market is a good time to build positions, and the low position is suitable for building some medium- and long-term bullish positions. The IV of each major term is at the average level of the past year. Before the end of the US election, IV still has support. The last two weeks will be a good opportunity to lay out the fourth quarter.
