TechFlow news, on November 15, according to Greeks.live data, there are 39,000 Bitcoin options contracts outstanding with a put-to-call ratio of 0.84, the maximum pain point at $80,000, representing a notional value of $3.4 billion; and 189,000 Ethereum options contracts with a put-to-call ratio of 0.92, the maximum pain point at $3,000, representing a notional value of $580 million.
Bitcoin has successively broken through two key psychological levels of $80,000 and $90,000, reaching an all-time high. The market has been swept by a meme frenzy, and the combination of Trump and Musk could bring many possibilities to the crypto market over the next four years. Approximately 10% of positions expire this week. The sharp rally has caused short-term options' implied volatility (IV) to increase significantly, while at-the-money IV for major tenors remains relatively stable. Market sentiment is still optimistic, and after a brief pullback, prices are likely to continue rising.
