According to TechFlow, on July 26, according to Greeks.live data, BTC and ETH options worth $5.7 billion will expire today. Among them, 61,000 BTC options expire, with a put/call ratio of 0.62, a maximum pain point of $63,500, and a notional value of $4.1 billion. At the same time, 490,000 ETH options expire, with a put/call ratio of 0.45, a maximum pain point of $3,350, and a notional value of $1.6 billion.
Analyst Adam said that the crypto market entered a period of adjustment this week. The listing of ETH ETF caused ETH to collapse, and the current ETH/BTC exchange rate fell to a multi-month low. The implied volatility of major maturities rebounded significantly, and the short-term maturities generally rose by more than 10%. After the monthly delivery, the news of the Bitcoin Conference over the weekend will continue to affect the market, and the implied volatility will face greater downward pressure next week.
