Analyst: Nominal value $2.27 billion in options will expire today, and all major bitcoin indicators still point to bear market characteristics
BlockBeats News, April 10 – According to data from Greeks.live, on April 10, a total of 27,000 BTC options will expire, with a Put Call Ratio of 0.71, a max pain point at $69,000, and a notional value of $1.94 billion.
In addition, 151,000 ETH options will expire, with a Put Call Ratio of 0.77, a max pain point at $2,050, and a notional value of $330 million.
Greeks.live analyst Adam stated that this week’s market was stimulated by the ceasefire between the US and Iran, with Bitcoin breaking directly above $72,000 and surpassing the recent consolidation range. The market share of Bitcoin options continues to exceed 80%, and for expiries, the largest positions are currently at the end of April and the end of June, with most trading focused on the current month's end in April.
Looking at the main option data, the IV for major Bitcoin maturities fell sharply, with most expiry IVs dropping to around 40%. The IV for main ETH maturities also dropped to around 60%. Skew continues to rise, but not significantly.
This year, Bitcoin has performed poorly in terms of both price and attention. This week is one of the few sustained rebounds, but based on fund flows and other indicators, the cryptocurrency market is still being led by other markets, and all major indicators point to bearish market characteristics.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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