According to TechFlow, Greeks.live macro researcher Adam posted on the X platform that according to the option delivery data on July 19, 21,000 BTC options expired, the Put Call Ratio was 1.2, the maximum pain point was $62,000, and the notional value was $1.3 billion; 140,000 ETH options expired, the Put Call Ratio was 0.39, the maximum pain point was $3,150, and the notional value was $480 million.

Adam said that affected by multiple good news, the crypto market rebounded significantly this week, with main term IV generally rising by more than 5%. Although news of an ETH ETF is still delayed, the growth momentum of ETF listings and the entire crypto market is unstoppable, and capital inflows are expected to drive further market development.