Bitcoin And Ethereum Options Expiry Highlights Market Trends

According to BlockBeats, data from Greeks.live indicates that 29,000 Bitcoin (BTC) options are set to expire today, with a put-call ratio of 1.1 and a maximum pain point of $86,000. The nominal value of these options is approximately $2.84 billion. In addition, 164,000 Ethereum (ETH) options will also expire today, featuring a put-call ratio of 0.65 and a maximum pain point of $3,050. The nominal value of these ETH options stands at $550 million. Adam, a researcher from Greeks.live, noted that Bitcoin continues to experience significant upward momentum, approaching the $100,000 mark. Ethereum is also leading a rebound among altcoins, with ibit options beginning to trade and noticeable inflows of U.S. funds into ETFs. These factors are strongly driving a spot bull market. Approximately 8% of positions are set to expire this week, and the substantial rise in ETH has led to a significant increase in implied volatility (IV) for major term ETH options, while the at-the-money IV for major term BTC options remains relatively stable. The market sentiment remains extremely optimistic, and the risk of a pullback in Bitcoin has eased due to the overall market rally.