According to PANews, data released by Adam@Greeks.live indicates that 32,000 BTC options are set to expire, with a Put Call Ratio of 0.71 and a maximum pain point of $60,000, amounting to a nominal value of $1.9 billion. Additionally, 206,000 ETH options are nearing expiration, with a Put Call Ratio of 0.96 and a maximum pain point of $2,950, totaling a nominal value of $560 million.
Adam's analysis suggests that the recent interest rate hike by the Bank of Japan has impacted the crypto market, leading to a slight recovery in market sentiment. BTC and Solana have shown leading gains, while ETH has underperformed following its ETF listing. Despite a decline in implied volatility (IV) for major maturities, it remains above pre-crash levels.
