Greeks.live: $960 million in BTC options and $580 million in ETH options are about to expire

Greeks.live macro researcher Adam released options delivery data on January 5 on the X platform: 22,000 BTC options are about to expire, the Put Call Ratio is 0.62, the biggest pain point is US$43,500, and the nominal value is US$960 million. 255,000 ETH options are about to expire, the Put Call Ratio is 0.54, the biggest pain point is US$2,300, and the nominal value is US$580 million. This week, the spot ETF failed to pass as scheduled, and the market suffered a large-scale sell-off. A large amount of high leverage accumulated in the early stage was liquidated, causing violent fluctuations in the market. The short- and medium-term IV has risen sharply. The market is currently competing for time for ETFs. The IV has reached more than 80% within a week. Next week will be the deadline for ETF approval, and whether it is approved or not, there will always be an outcome. We have observed that the crypto derivatives market is focused on ETF gaming. The current market funding rates and leverage levels have improved, and violent fluctuations like this week may not happen again in the short term.