TechFlow news, Greeks.live analyst Adam said: 18,000 BTC options are about to expire, with a Put Call Ratio of 0.65, maximum pain point at $61,500, and a notional value of $1 billion.
164,000 ETH options are about to expire, with a Put Call Ratio of 0.36, maximum pain point at $3,350, and a notional value of $470 million.
Major cryptocurrencies have dropped to new lows in several months. Right after quarterly delivery was completed, the market saw significant volatility, with IV across major tenors rising sharply—creating a favorable opportunity for institutional sellers to build positions.
Market sentiment is relatively bearish. IV on bearish options for major coins has clearly increased, and the term structure shows an inverted pattern with lower values further out. There will likely be clear updates regarding ETH ETFs soon. Users looking to bottom-fish may consider buying some end-of-month bullish options, which offer much better cost efficiency compared to going long on futures.
