21,000 BTC options are due to expire with a Put Call Ratio of 0.62, a Maxpain point of $69,000 and a notional value of $1.5 billion.
230,000 ETH options are due to expire with a Put Call Ratio of 0.49, a Maxpain point of $3,425 and a notional value of $800 million.
Volatility levels in the crypto market have risen significantly this week, with $70,000 and $3,500 very much up for grabs, but IVs have seen significant declines across all major terms, with sell calls having been the most dominant trade of the month, and halving expectations appearing to be overdrawn.
With the recent slowdown in ETF inflows, the lack of new hot spots in the market and a more subdued sentiment, selling medium-term is indeed the better option, and short term is worth it due to the presence of the halving.
230,000 ETH options are due to expire with a Put Call Ratio of 0.49, a Maxpain point of $3,425 and a notional value of $800 million.
Volatility levels in the crypto market have risen significantly this week, with $70,000 and $3,500 very much up for grabs, but IVs have seen significant declines across all major terms, with sell calls having been the most dominant trade of the month, and halving expectations appearing to be overdrawn.
With the recent slowdown in ETF inflows, the lack of new hot spots in the market and a more subdued sentiment, selling medium-term is indeed the better option, and short term is worth it due to the presence of the halving.