Greeks.live: $1 billion in notional value of BTC options and $470 million in ETH options are about to expire

Odaily News Adam, a macro researcher at Greeks.live, posted on the X platform that 18,000 BTC options are about to expire, with a Put Call Ratio of 0.65, a maximum pain point of $61,500, and a nominal value of $1 billion. 164,000 ETH options are about to expire, with a Put Call Ratio of 0.36, a maximum pain point of $3,350, and a nominal value of $470 million. In addition, Adam said: At the beginning of July, the crypto market suffered a heavy blow, and major cryptocurrencies fell to a new low in several months. The market experienced huge fluctuations as soon as the quarterly delivery was completed. The IV of the main term increased significantly, which is a good opportunity for institutional sellers to build positions. The market atmosphere is relatively pessimistic, the IV of mainstream currency put options has increased significantly, and the term structure shows an inverted phenomenon of far low and near high. ETH ETF will have clearer news in the near future. Friends who want to buy the bottom can buy some month-end bullish options, which are much more cost-effective than futures long.