TechFlow news: Adam, macro researcher at Greeks.live, posted a tweet stating that 37,000 BTC options have expired with a Put Call Ratio of 0.58, maximum pain point at $66,000, and a notional value of $2.4 billion.
180,000 ETH options have expired with a Put Call Ratio of 0.55, maximum pain point at $3,300, and a notional value of $600 million.
The crypto market has been relatively weak this week. ETH ETF launches impacted ETH negatively as expected, leading to overall capital outflows from the market. Several major events passed smoothly, with implied volatility across key tenors notably declining. Dvol has dropped to its lowest level of the year, reflecting low market expectations for future price movements.
U.S. equities have performed poorly recently. So far in August, there have been no significant catalysts strong enough to support the market, suggesting that meaningful market moves may need to wait another one or two months.
