Greeks.live: 19,000 BTC and 141,000 ETH options are about to expire, with a notional value of $2.27 billion

Greeks.live macro researcher Adam wrote that on January 10, a total of 19,000 BTC options expired, with a Put Call Ratio of 0.65, a maximum pain point of $97,000, and a nominal value of $1.81 billion. 141,000 ETH options expired, with a Put Call Ratio of 0.48, a maximum pain point of $3,450, and a nominal value of $460 million. Affected by the weakness of the U.S. stock market and unfavorable macro factors, the market experienced a sharp correction this week. Bitcoin once fell below $91,000, hitting a new low in nearly a month, and the decline of altcoins was even more severe. Short-term option IV has risen, and market panic has increased significantly. In one week, Trump will officially take office as the new president of the United States, but the direct benefits are limited, and more long-term benefits are expected. The continued correction of U.S. stocks in recent days has also brought greater uncertainty to the market. This month's interest rate meeting is very likely to maintain no interest rate cut. Later this week, we will focus on the price trend of Bitcoin and the inflow of ETFs. If the situation is unfavorable, we can buy some short-term put options for hedging. If the situation improves, the monthly bullish option will be more cost-effective.