23,000 BTC option is about to expire with a Put Call Ratio of 0.49 and a maximum pain point of $61,000 with a nominal value of $1.40 billion. 330,000 ETH option is about to expire with a Put Call Ratio of 0.36 and a maximum pain point of $3,000 with a nominal value of $1 billion.
Adam, a macro researcher at GreeksLive, said that the crypto market continued to decline this week, with BTC breaking through the $60,000 integer mark, hitting a new low since March, and the weakness was evident. The listing of Hong Kong ETFs failed to bring too much incremental growth, and the US stock BTC ETFs continued to flow out. The weakness of the market led to a weakening of market confidence. The main periods IV also continued to decline. The current IV level is the average water level of the winter bull market, which has some support. The current buying is cost-effective.
The current point is unlikely to continue sideways, not rebound is bound to be down relay, whale lack of confidence in the market outlook, block trade is worth paying attention to.
$2.40 billion worth of BTC and ETH options expire today
2024-05-03 01:50:00
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