94,000 BTC options are about to expire with a Put Call Ratio of 0.51, a Maxpain point of $41,000 and a notional value of $3.75 billion.
932,000 ETH options are about to expire with a Put Call Ratio of 0.31, Maxpain point of $2,300 and notional value of $2.07 billion.
Cryptocurrencies are weaker this week, with the passage of the Bitcoin Spot ETF directly contributing to the recent grayscale sell-off crushing the market. The volatility continues to fall, with major term IVs continuing to fall and some short term IVs dropping below 40%. Meanwhile the PCR has fallen sharply this week, suggesting less active bearish power this week, with most traders predominantly selling calls and very few active calls.
More than 30% of options will expire today, and the margin released at that time could depress IV once again, as Bitcoin's option term structure returns.
932,000 ETH options are about to expire with a Put Call Ratio of 0.31, Maxpain point of $2,300 and notional value of $2.07 billion.
Cryptocurrencies are weaker this week, with the passage of the Bitcoin Spot ETF directly contributing to the recent grayscale sell-off crushing the market. The volatility continues to fall, with major term IVs continuing to fall and some short term IVs dropping below 40%. Meanwhile the PCR has fallen sharply this week, suggesting less active bearish power this week, with most traders predominantly selling calls and very few active calls.
More than 30% of options will expire today, and the margin released at that time could depress IV once again, as Bitcoin's option term structure returns.