Odaily Planet Daily reports that Greeks.live posted on the X platform:
91,000 BTC options are expiring, with a Put Call Ratio of 0.48, the maximum pain point at $90,000, and a notional value of $7.6 billion.
435,000 ETH options are expiring, with a Put Call Ratio of 0.68, the maximum pain point at $3,000, and a notional value of $1.19 billion.
Today is the first monthly expiration after the annual settlement, with nearly $9 billion worth of options expiring, accounting for 25% of the total open interest. Call options dominate the market. Bitcoin and Ethereum prices have entered a sharp decline since yesterday, and the recent rare relief has been overshadowed again by panic, which is now a residual effect of the significant drop in Q4 last year. Currently, the $80,000 level for BTC and the $2,500 level for ETH provide strong support.
From the main options data, the implied volatility for BTC and ETH has risen significantly, with BTC’s main-term IV averaging around 45%, and ETH’s main-term IV at 60%, both reaching their highest levels this year.
The volume and trading share of large options transactions remain high, mainly driven by repositioning needs. Market makers and active traders are holding more cash, showing strong willingness to trade, with the greatest demand for protective puts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC, ETH Reach Highest Levels Since February 5, Multiple Analysts Bullish on Future Market
The crypto market has rebounded recently, with Bitcoin and Ethereum reaching new highs. Technical analysts Peter Brandt and Ali Charts have both expressed bullish sentiment, with Ethereum potentially targeting $2,600. However, some analysts like Garrett Jin maintain a cautious stance, concerned that external factors could impact the market.
GateNews4m ago
Bitcoin Approaches $75,000 Mark: Short Covering Drives Rally, Fed Decision in Focus
On March 17th, Bitcoin touched $75,912 at one point but subsequently pulled back to $74,372, indicating that selling pressure remains. Mainstream crypto assets posted widespread gains for the week, with Ethereum up 13.3%. Market analysis indicates that recent gains have been primarily driven by the derivatives market, with institutional capital inflows supporting the market. However, uncertainty in macroeconomic policy will impact subsequent price movements.
GateNews24m ago
MetaPlanet Moves $368.3M Worth of Bitcoin After 3-Month Dormancy
Gate News bot message, MetaPlanet transferred 4,986 BTC valued at $368.3 million to new wallets following a three-month period of inactivity. The transaction appears to be a fund reorganization.
GateNews40m ago
