Greeks.live: 32,000 BTC Options and 177,000 ETH Options Expire Today
TechFlow News, August 7, according to options expiry data released by options analyst [email protected] (@BTC__options) on August 7, 32,000 BTC options expired, with a Put Call Ratio of only 0.26, Max Pain at $64,000, and a notional value of $2.06 billion; 177,000 ETH options expired, with a Put Call Ratio of 0.77, Max Pain at $1,900, and a notional value of $340 million.
Bitcoin has been oscillating around 64K for over two months since May. The area above 65K is a dense trading zone from the beginning of the year's rally. Currently, hotspots are not in the crypto sector, making it difficult for speculative funds to flow in, and the trend may lean downward. The cryptocurrency market has undergone a 9-month bear market, and overall Implied Volatility (IV) has remained low for over a quarter. If there are no incremental capital flows in Q3, there are concerns regarding potential significant risk exposure in the market.
