#BTC #ETH #ETF

●BTC options with a nominal value of $1.2 billion and ETH options with a nominal value of $930 million are about to expire

.Greeks.live data shows that the option delivery data on May 17: 18,000 BTC options are about to expire, the Put Call Ratio is 0.63, the maximum pain point is $63,000, and the nominal value is $1.2 billion. 320,000 ETH options are about to expire, the Put Call Ratio is 0.28, the maximum pain point is $3,000, and the nominal value is $930 million.

.Greeks.live said that this week, inspired by the Meme trend in the US stock market, BTC ETF also received significant capital inflows, and BTC rose sharply to break through $65,000, but the crypto market outside the Meme was relatively weak, and the trading volume continued to fall. The differentiation of BTC and ETH option data can reflect this.

.From the perspective of block trading and market trading structure, the IV downward trend of major terms has ended and entered a sideways trend, and there is currently little room for decline. BTC long and short positions are relatively balanced, while the weak ETH price has led to a continuous weakening of market confidence, and selling bullish positions has become the absolute main transaction.

👆 Note: "Max Pain" refers to the price at which the buyer's profit is minimized and the loss is maximized, or the seller's loss is minimized and the profit is maximized when the option expires and is delivered.