According to BlockBeats, on December 26th, Greeks Live macro researcher @BTC__options stated that today is the annual options expiration day, and also the largest cryptocurrency options expiration day in history, with a total notional value of approximately $28 billion. Specifically, 267,000 Bitcoin (BTC) options expired, with a put/call ratio of 0.35, a maximum price threshold of $95,000, and a notional value of approximately $23.6 billion; 1.28 million Ethereum (ETH) options expired, with a put/call ratio of 0.45, a maximum price threshold of $3,100, and a notional value of approximately $3.71 billion.
More than half of the options were settled today. Before settlement, the volume and proportion of large-scale option transactions continued to rise, mainly due to the demand for rollover. After settlement, quarterly options expiring in March were the largest open interest, accounting for more than 30% of the total open interest, mainly out-of-the-money call options.
The fourth quarter of this year was arguably the worst in recent years. Due to industry cyclical factors and slow development, market sentiment was poor, making a sell-side strategy more suitable.
