TechFlow reports that Adam, a researcher at Greeks.live, tweeted today about the expiration of 20,000 BTC options with a Put Call Ratio of 0.49, maximum pain point at $68,500, and a notional value of $1.35 billion.
Additionally, 200,000 ETH options are expiring, with a Put Call Ratio of 0.36, maximum pain point at $3,600, and a notional value of $710 million.
This week is a major macro week, with economic data generally favorable for risk investment markets. U.S. stocks have shown clear gains, but the crypto market has underperformed, with major cryptocurrencies declining overall and altcoins suffering even larger losses. Recently, there have been few market highlights, resulting in relatively subdued market conditions.
Currently, BTC's key medium- and short-term implied volatilities (IV) are all below 50%, while ETH's main medium- and short-term IVs are below 60%, having fallen to relatively low levels. This makes long positions relatively attractive from a cost-benefit perspective. By the end of this month, there should be new developments regarding ETH ETF approvals, presenting an opportunity to position for next-month call options in advance.
