Greeks Live: Over $2.5 billion in Bitcoin and Ethereum options expire, implied volatility rises significantly.

According to ME News, on February 6th (UTC+8), Greeks Live reported that approximately 33,000 BTC options expired that day, with a put-call ratio of 0.54, a maximum stop-loss of $80,000, and a notional value of approximately $2.1 billion. 219,000 ETH options expired, with a put-call ratio of 0.91, a maximum stop-loss of $2,400, and a notional value of $420 million. Greeks Live stated that 10% of total open interest, totaling nearly $2.6 billion, expired today. The sharp downward trend in Bitcoin and Ethereum prices continues, with put options dominating the market. The fear index once again plummeted to 5%, indicating renewed panic in the crypto market. Key options data shows a significant increase in implied volatility for both BTC and ETH. BTC's primary term IV exceeds 60%, and multiple short-term at-the-money IVs exceed 110%. ETH's primary term IV is at 80%, and multiple short-term at-the-money IVs exceed 120%, all at their highest levels in over a year. (Source: ME)