TechFlow news, Greeks.live analyst Adam said that 24,000 BTC options are about to expire, with a Put Call Ratio of 1.08, maximum pain point at $58,500, and a notional value of $1.4 billion.
157,000 ETH options are about to expire, with a Put Call Ratio of 0.37, maximum pain point at $3,100, and a notional value of $490 million.
The crypto market saw a slight rebound this week, with IVs across major tenors dropping significantly to their lowest levels since March. The quarterly settlement combined with high volatility has created an ideal entry opportunity for option sellers, leading to substantial positioning by sellers this week, which has driven down IVs across major tenors. Market sentiment remains pessimistic—ETH ETF approvals continue to be delayed, and even if ETFs launch as scheduled, the prevailing view is that they won't bring in significant capital quickly. Meanwhile, U.S. equities are also relatively weak, and the entire risk asset market now pins its hopes on a September rate cut for recovery.
