According to Odaily Odaily, Greeks.live posted on the X platform that 38,000 BTC options have been settled, with a put-call ratio of 0.71, a maximum price threshold of $74,000, and a notional value of $2.5 billion. 215,000 ETH options have also been settled, with a put-call ratio of 0.82, a maximum price threshold of $2,100, and a notional value of $410 million.
The crypto market continued its decline, with the biggest pain point rapidly decreasing. Options settled today accounted for 9% of total open interest, with a total value of nearly $2.9 billion. Implied volatility for Bitcoin and Ethereum decreased this week, with BTC's main term IV falling to 50% and ETH to 70%. Despite the slowing price decline, market confidence remains weak.
Looking at trading activity, put options dominate. After yesterday's market decline, some buy the dips has begun. Key options indicators show the Skew is rebounding, and the proportion of call options in large trades is increasing.
The market remains in a bearish phase, but the most severe decline is over. Currently, the crypto market lacks new capital inflows, making it premature to discuss a bull market or a significant rebound.
