Don’t be confused! The $2.18 billion “big pie” options settlement has landed. The signal to go all-in on longs is fully fired—so is the only thing left to do just stare?
Today’s market action has probably made plenty of people slap their foreheads.
Just now, BTC and ETH options with a total value of $2.18 billion were officially settled. The key highlight of this whole show is that the Bitcoin spot price ($76,000) is for the first time significantly higher than the options’ biggest “pain point” ($67,000). This is extremely rare even this year, suggesting that the “invisible hand” that used to suppress prices has finally stopped working.
Data doesn’t lie. Currently, the market’s bullish-side Gex (gamma exposure) is highly scattered, while the bearish-side Gex is almost negligible. In plain terms: the power to go long is blooming everywhere, but almost nobody is willing to catch the falling dagger. RV volatility has jumped, but IV has only risen modestly. The market has fully shifted from hesitation to the “all-in on longs” tempo.
My take:
The “bearish” shoe from options settlement has dropped and been crushed by the longs. In the short term, selling pressure has sharply decreased. But at this moment, fear of missing out—and the risks of chasing higher prices—are also building. What players should do now isn’t blindly charging; instead, hold onto the low-priced spot holdings and patiently wait for the next buy point after the disagreements play out. The bigger the storm, the pricier the fish—stay steady!#ETH突破$2300 $ETH
Today’s market action has probably made plenty of people slap their foreheads.
Just now, BTC and ETH options with a total value of $2.18 billion were officially settled. The key highlight of this whole show is that the Bitcoin spot price ($76,000) is for the first time significantly higher than the options’ biggest “pain point” ($67,000). This is extremely rare even this year, suggesting that the “invisible hand” that used to suppress prices has finally stopped working.
Data doesn’t lie. Currently, the market’s bullish-side Gex (gamma exposure) is highly scattered, while the bearish-side Gex is almost negligible. In plain terms: the power to go long is blooming everywhere, but almost nobody is willing to catch the falling dagger. RV volatility has jumped, but IV has only risen modestly. The market has fully shifted from hesitation to the “all-in on longs” tempo.
My take:
The “bearish” shoe from options settlement has dropped and been crushed by the longs. In the short term, selling pressure has sharply decreased. But at this moment, fear of missing out—and the risks of chasing higher prices—are also building. What players should do now isn’t blindly charging; instead, hold onto the low-priced spot holdings and patiently wait for the next buy point after the disagreements play out. The bigger the storm, the pricier the fish—stay steady!#ETH突破$2300 $ETH