According to Mars Finance, Greeks.live researcher Adam published an analysis on the X platform, 22,000 BTC options are about to expire, the Put Call Ratio is 0.64, the maximum pain point is $65,000, and the nominal value is $1.4 billion. 300,000 ETH options are about to expire, the Put Call Ratio is 0.42, the maximum pain point is $3,125, and the nominal value is $930 million.
This week, the crypto market encountered a sharp correction again. Bitcoin and Ethereum fell below $60,000 and $3,000 respectively. The bears achieved the biggest and most lasting victory this year. However, the IV of major maturities continued to decline, mainly due to the sharp drop in call option prices. The halving expectation on Saturday can no longer support the market. The inflow of ETF funds has slowed down recently, and the market sentiment is relatively depressed. Although there was a rebound today, the operation of the whale still shows a lack of confidence in the future market. The bull market needs the support of more capital inflows after the halving.
