Today’s option expiration has far-reaching consequences and significant fluctuations! ! !
According to today’s options delivery data released by Greeks.live, 61,000 BTC options and 490,000 ETH options will expire today, with a total notional value of up to US$5.7 billion.
BTC options data:
Put Call Ratio is 0.62. The biggest pain point is $63,500. The nominal value is $4.1 billion.
ETH options data:
Put Call Ratio is 0.45 Maximum pain point $3350 Nominal value $1.6 billion
Market analysis:
The crypto market entered a period of adjustment this week, especially after the sharp decline triggered by the listing of the ETH ETF, which saw the ETH/BTC exchange rate fall to its lowest level in months. The significant drop in ETH has had a clear impact on market sentiment, causing overall market volatility.
Implied Volatility Rebound:
Implied volatility (IV) rebounded significantly across major maturities, with short-term IV in particular rebounding by more than 10%. This reflects increased expectations for near-term volatility, with investors becoming more cautious in the face of market uncertainty.
As monthly delivery ends, news from this weekend’s Bitcoin conference will be digested. Analysts believe that implied volatility may face greater downward pressure next week, and the market may gradually return to stability.
Today, 61,000 BTC options and 490,000 ETH options expired, with a total nominal value of US$5.7 billion, which had a significant impact on the short-term fluctuations of the market. With the market adjustment triggered by the listing of the ETH ETF, the implied volatility rebounded sharply this week, but it is expected that the market will gradually stabilize after the news of the Bitcoin Conference is digested.
