Forward [April 19th option delivery data]

22,000 BTC options are about to expire, the Put Call Ratio is 0.64, the maximum pain point is $65,000, and the notional value is $1.4 billion.

300,000 ETH options are about to expire, the Put Call Ratio is 0.42, the maximum pain point is $3,125, and the notional value is $930 million.

This week, the crypto market encountered a sharp correction again. Bitcoin and Ethereum once fell below $60,000 and $3,000 respectively. The shorts have achieved the biggest and most lasting victory this year. However, the IV of each major term has continued to decline, mainly due to the sharp drop in the price of call options. The halving expectation on Saturday can no longer support the market.

Recently, the inflow of ETF funds has slowed down, and the market sentiment is relatively low. Although there was a rebound today, the operation of the giant whale still shows a lack of confidence in the future market. The bull market needs the support of more capital inflows after the halving.