Greeks.live: The sharp decline trend of Bitcoin and Ethereum continues, with put options dominating

Greeks.live revealed on social media that today, 33,000 BTC options are expiring, with a put-call ratio of 0.54 and a maximum pain point of $80,000, representing a notional value of $2.1 billion. Meanwhile, 219,000 ETH options are expiring, with a put-call ratio of 0.91, a maximum pain point of $2,400, and a notional value of $420 million. Currently, the crypto market is turbulent, with BTC dropping below $60,000 at one point and ETH falling below $1,750. The total options expiring today account for 10% of the total open interest, approximately $2.6 billion. The prices of Bitcoin and Ethereum continue to decline, and panic is spreading in the market, with the fear index dropping to 5% at one point.

From the options data, the implied volatility of BTC and ETH has significantly increased, with BTC's main term IV exceeding 60%, short-term at-the-money IV exceeding 110%, and ETH reaching 80%, with short-term at-the-money IV exceeding 120%, all being the highest in over a year. The trading volume and proportion of put options continue to increase, with market makers actively stepping in, although attempts to bottom-fish are quickly swallowed by the downward trend. #何时抄底？ #加密市场回调 #BTC何时反弹？ #易理华旗下TrendResearch减仓 #全球科技股抛售冲击风险资产