$38.2 Billion Worth of BTC and $9.5 Billion Worth of ETH Options Expiring Today, with Max Pain at $11.8k and $4250
BlockBeats News, August 22, Greek.Live analyst Adam released today's options expiry data:
34,000 BTC options expired, Put Call Ratio was 1.3, with a maximum pain point of $118,000, and a notional value of $3.82 billion.
220,000 ETH options expired, Put Call Ratio was 0.82, with a maximum pain point of $4250, and a notional value of $9.5 billion.
Analyst Adam stated that the theme of this week is price retracement, but both BTC and ETH are holding near their all-time highs, and market sentiment remains relatively optimistic. Nearly $5 billion in options expiry occurred this week, accounting for 8% of the current total open interest, making it a relatively low week proportionally in historical records, contrasting sharply with the current daily trading volume of nearly $5 billion. Looking at the key options data, there has been a significant rebound in implied volatility, with BTC's mid-term IV fully rebounding to above 35% and ETH's major term IV nearing 70%, with short-term IV exceeding 80%. The options market is starting to show clear divergences, but overall, the bearish view on future volatility is somewhat stronger.
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