TechFlow news, on July 26, according to Greeks.live data, BTC and ETH options worth $5.7 billion will expire today. Among them, 61,000 BTC options are expiring with a put/call ratio of 0.62, a maximum pain point at $63,500, and a notional value of $4.1 billion. Meanwhile, 490,000 ETH options are expiring with a put/call ratio of 0.45, a maximum pain point at $3,350, and a notional value of $1.6 billion.
Analyst Adam said that this week the crypto market entered a correction phase, with ETH ETF listings causing ETH to plummet, and the ETH/BTC exchange rate has now fallen to multi-month lows. Key-term implied volatility has clearly rebounded, with short-term tenors rising more than 10% across the board. After monthly expiry, the weekend's Bitcoin conference developments will continue affecting markets, and implied volatility is expected to face significant downward pressure next week.
