Odaily Planet Daily reported the delivery of Bitcoin (BTC) and Ethereum (ETH) options on October 13 based on data released by Greeks.live researchers on the X platform. The report shows that 24,000 BTC options are about to expire, with a Put Call Ratio of 1.23, a maximum pain point of US$27,000, and a total nominal value of US$640 million. In comparison, 190,000 ETH options are also about to expire, with a Put Call Ratio of 0.71, a maximum pain point of $1,600, and a total notional value of $290 million.
This data analysis shows that BTC maintains its leading position in the market, with its options holdings increasing by nearly 70% this week. Moreover, BTC put options holdings account for 60% of the total, which is a relatively rare situation. On the other hand, the market performance of ETH is relatively weak.
When reflecting on this data, we can see that the market may be facing a point of change. First, implied volatility (IV) across all major tenors remains at historically low levels, with no sign of a rebound for the time being. Secondly, as market liquidity continues to deteriorate, larger market conditions may occur.
In summary, the current market conditions seem to indicate the upcoming big market, and the options delivery data of BTC and ETH also reflect the market’s different attitudes and expectations towards the two major cryptocurrencies.
Wait for the explosion and seize the opportunity.
This data analysis shows that BTC maintains its leading position in the market, with its options holdings increasing by nearly 70% this week. Moreover, BTC put options holdings account for 60% of the total, which is a relatively rare situation. On the other hand, the market performance of ETH is relatively weak.
When reflecting on this data, we can see that the market may be facing a point of change. First, implied volatility (IV) across all major tenors remains at historically low levels, with no sign of a rebound for the time being. Secondly, as market liquidity continues to deteriorate, larger market conditions may occur.
In summary, the current market conditions seem to indicate the upcoming big market, and the options delivery data of BTC and ETH also reflect the market’s different attitudes and expectations towards the two major cryptocurrencies.
Wait for the explosion and seize the opportunity.