21,000 BTC options expire with $62,000 max pain point
Macro researcher @BTC__options said on the X platform that 21,000 BTC options expire with a Put Call Ratio of 1.2, a maximum pain point of $62,000 and a notional value of $1.3 billion. 140,000 ETH options expired with a Put Call Ratio of 0.39, a maximum pain point of $3,150 and a notional value of $480 million. The crypto market has rallied sharply this week, fueled by multiple positive news, with all major term IVs showing significant rallies, generally 5% or more compared to a week ago. The market vibe is much more optimistic, and while news of an ETH ETF is still being delayed, the ETF listing and the growth of the crypto market as a whole is unstoppable, and the eventual inflow of funds will drive crypto.
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