TechFlow news, Greeks.live analyst Adam said that 32,000 BTC options are about to expire, with a Put Call Ratio of 0.71, maximum pain at $60,000, and a notional value of $1.9 billion.
206,000 ETH options are about to expire, with a Put Call Ratio of 0.96, maximum pain at $2,950, and a notional value of $560 million.
Japan's interest rate hike has severely hit the crypto market. This week, slightly dovish comments from the Bank of Japan improved market sentiment, leading to a strong rebound in the crypto market, led primarily by BTC and Sol, while ETH has remained relatively weak following its ETF listing.
IVs across major tenors have declined but remain higher than pre-crash levels. Under such volatile conditions, IV is unlikely to fall sharply in a short period.
