Today, $3.4 billion of BTC and $580 million of ETH options will expire! The crypto market is taking a storm!
Today, 39,000 BTC options and 189,000 ETH options will expire one after another, with a total notional value of more than $3.9 billion! The biggest pain point for BTC is $80,000, and for ETH it is $3,000! These expiration figures in the options market mean that huge amounts of money will be settled today, and the market is changing!
According to Greeks.live data, the Put/Call ratio for BTC options is 0.84, and that for ETH options is 0.92. Although this shows that the market is still bullish, the implied volatility (IV) of options has soared, reflecting the market's sensitivity to short-term fluctuations.
Bitcoin continues to break through the key points of $80,000 and $90,000, pushing the market into a record high. The crypto market combination of Trump and Musk will further stimulate the market potential in the next four years! After this surge, the market atmosphere remains optimistic, and a rise after a short-term correction is still a high probability event!
Today, the market boom of option expiration is destined to become a key node in the future trend of the crypto market. The short-term market may usher in a short correction, but the overall bull market wave is still strong! If you are interested in taking the lead, come and follow Uncle Qian to seize the market opportunity!
