Greeks.live: Crypto market confidence weakens, IV of major maturities continues to decline

Greeks.live researcher Adam released the May 3 option delivery data on the X platform: 23,000 BTC options are about to expire, with a Put Call Ratio of 0.49, a maximum pain point of $61,000, and a nominal value of $1.4 billion. 330,000 ETH options are about to expire, with a Put Call Ratio of 0.36, a maximum pain point of $3,000, and a nominal value of $1 billion. The crypto market continued to fall this week, with BTC breaking through the $60,000 integer mark, a new low since March, showing weakness. The listing of Hong Kong ETFs failed to bring much incremental growth, and the US stock BTC ETF continued to outflow. The weakness of the market led to a weakening of market confidence, and the IV of each major term also continued to decline. The current IV level is the average water level of the winter bull market, which has certain support. It is unlikely that the current point will continue to go sideways. If it does not rebound, it will inevitably be a downward relay. The whales lack confidence in the future market, and large transactions deserve more attention.