According to an article published on the X platform by Greeks.live, as reported by Odaily Odaily, options settlement data on March 6 showed that 32,000 Bitcoin options expired with a Put-Call Ratio of 1.69, a maximum price threshold of $69,000, and a notional value of $2.3 billion; 184,000 Ethereum options expired with a Put-Call Ratio of 0.85, a maximum price threshold of $1,950, and a notional value of $380 million.
The crypto market rebounded this week, with Bitcoin firmly establishing itself above the $70,000 mark and poised to challenge $75,000. However, options market data shows that selling call options has become the dominant trading activity in the past two days, and while prices are still rising, the momentum has slowed. Tomorrow, 7% of total open interest in options will expire, almost at a recent low, while Bitcoin's open interest has reached a recent peak. Benefiting from the recent rebound, the implied volatility of Bitcoin and Ethereum has increased this week, with BTC's primary term IV at 55% and ETH's primary term IV at 75%.
