Options Expiry Analysis: BTC and ETH Contracts Reach Expiry with Notable Pain Points and Market Corrections

Greeks.live macro researcher Adam tweeted that 25,000 BTC options and 250,000 ETH options are about to expire.

• 25,000 BTC options expired, the Put Call Ratio was 0.56, the biggest pain point was US$67,000, and the nominal value was US$1.7 billion.
• 250,000 ETH options expired, the Put Call Ratio was 0.51, the biggest pain point was US$3,500, and the nominal value was US$890 million.

The market rebound last weekend failed to last, and the price of Bitcoin failed to remain above $70,000, causing the current upward trend to be blocked and the market to undergo a deep correction. At the same time, the demand for Put has surged, and the implied volatility of major terms has increased significantly. However, the delivery volume of Put positions has declined, indicating that a large number of Put positions have been liquidated at profits. After a few weeks, the delivery price is once again close to the biggest pain point, and the market’s FOMO sentiment has basically disappeared.

Source

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