Bitcoin And Ethereum Options Expiry Highlights Market Trends

According to PANews, Adam, a macro researcher at Greeks.live, shared insights on the X platform regarding the expiration of significant Bitcoin and Ethereum options. He noted that 23,000 Bitcoin options have expired, with a put-call ratio of 1.11 and a maximum pain point of $97,000, amounting to a nominal value of $2.3 billion. Additionally, 147,000 Ethereum options have expired, with a put-call ratio of 0.62 and a maximum pain point of $3,500, totaling a nominal value of $570 million. Adam's analysis suggests that the bullish sentiment in the cryptocurrency market remains robust. Over the past two weeks, data from the options market has indicated a cautious approach by market makers. The recent surge to $100,000, followed by today's pullback, has led to a noticeable increase in short-term implied volatility (IV), making options a suitable tool for short-term speculation at this juncture. Last week, concerns were raised about the potential repetition of the market dynamics seen at the end of 2020, which appear to be justified. Mid- to long-term IV has also seen a few points increase, as market makers are actively working to avoid exposure. The probability of the market continuing its bullish trend remains high.