32K Bitcoin and 206K Ethereum Options End Today
BTC is around $61,000 and ETH over $2,600.
Greeks.live revealed August 9 Bitcoin and Ethereum options data amid a rebounding crypto market.
Greeks.live reports on X that 32,000 BTC options with a Put Call Ratio of 0.71, a Maxpain point of $60,000, and a notional value of $1.9 billion are expiring.
Today, 206,000 ETH options with a Put Call Ratio of 0.96, Maxpain point of $2,950, and notional value of $560 million expire.
The Yen rate rise rocked the markets hard at the start of this week, but the Bank of Japan's milder attitude has restored optimism, with BTC and SOL leading the crypto market to strength.
However, ETH ETFs have underperformed since listing.
Greeks.live also adds that big IVs are down, but they are still higher than before the market meltdown, and given the strong volatility, IVs are unlikely to decline much.
BTC Near $61,000, ETH Above $2,600
At the time of writing, Bitcoin is trading at $61,000, up over 7% in 24 hours.
The week began with BTC falling below $50,000 on August 5, but it soon recovered.
The Bitcoin market fall witnessed $365 million in long and short liquidations by speculators.
CryptoQuant stated via X on August 8 that US Bitcoin demand is returning after Coinbase Premium Index went positive. High premium prices may imply US investors' strong Coinbase purchasing pressure.
At the time of writing, ETH is trading at $2,680, up over 10%.
ETH fell below $2,200 on August 5, known as Crypto Black Monday, but has since recovered.
