According to BlockBeats, on May 24, according to Greeks.live data, 21,000 BTC options are about to expire, with a Put Call Ratio of 0.88, a maximum pain point of $67,000, and a nominal value of $1.4 billion. 350,000 ETH options are about to expire, with a Put Call Ratio of 0.58, a maximum pain point of $3,200, and a nominal value of $1.3 billion.
ETH took over the rise of BTC. Inspired by the progress of ETFs, it rose by 20% in a single day. The IV of short-term options once reached 150%, which is much higher than the current IV of BTC in the same period. Now the differentiation between BTC and ETH is obvious. Judging from the block trading and market trading structure, ETH's bullish sentiment is still strong, but it is difficult for the IV of each major term to maintain a high level. Calendar spreads will be a better choice. On the other hand, BTC is more balanced in long and short positions, and the selling power is stronger.
