According to data from Greeks.live, the May 10th option delivery is coming, involving a large number of BTC and ETH options. Among them, about 18,000 BTC options and 280,000 ETH options are about to expire, which will have a certain impact on the market.
In terms of BTC options, the Put Call Ratio is 0.64, the maximum pain point is $62,000, and the notional value is as high as $1.2 billion. In terms of ETH options, the Put Call Ratio is 0.74, the maximum pain point is $3,050, and the notional value reaches $800 million.
According to Greeks.live, the overall crypto market showed a certain weakness this week, with trading volume continuing to fall and market confidence gradually weakening. Although the outflow trend of the Meigu BTC ETF has eased, the market is still in a weak state.
From the perspective of option trading structure, the continued decline in currency prices has led to low market sentiment, and the implied volatility (IV) of major maturities has continued to decline. However, the current IV level is slightly below the average waterline, which provides some support for the market, suggesting that there is not much room for further decline at present.
For investors, it is necessary to pay close attention to the changes in option data, reasonably grasp the market sentiment and trends, and make corresponding investment decisions. The volatility of the crypto market still exists, but it may also provide certain opportunities for experienced investors. Let us continue to pay attention to market dynamics
