Data shows that 96,000 BTC options are about to expire, with a Put Call Ratio of 0.68, a maximum pain point of $61,000, and a nominal value of $6.2 billion. 990,000 ETH options are about to expire, with a Put Call Ratio of 0.51, a maximum pain point of $3,100, and a nominal value of $3.1 billion.
Greeks.live stated that the trading volume in the cryptocurrency market has significantly decreased this week, with Bitcoin and Ethereum fluctuating at a low level. The market's weakness has led to a significant decline in the IV of various major terms, with Dvol dropping by as much as 15% since the halving. The halving has not brought about volatility, resulting in a rapid sell-off by a large number of option sellers.
In recent weeks, ETF funds have been flowing out, and market sentiment is relatively low. It was mentioned last week that whales lack confidence in the future market, and this trend has not changed. The resistance for BTC to return to its historical high is extremely high.
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