Greeks.live: The market seems a bit overly pessimistic. I prefer to believe that there will be a bull market at the end of the year.

Adam, a researcher at Greeks.live, posted on the X platform: "14,000 BTC options are about to expire, with a Put Call Ratio of 0.81, a maximum pain point of $59,000, and a notional value of $760 million. 125,000 ETH options are about to expire, with a Put Call Ratio of 0.63, a maximum pain point of $2,500, and a notional value of $290 million. This week, cryptocurrencies have been falling all the way. From the options data, it is obvious that the entire market is weak. The recent decline in the maximum pain point has not kept up with the speed of price decline. The IV of the main term has increased. As the US election approaches, the IV bulge on October 8 is gradually being smoothed out. Last week, we mentioned the trading data of previous years. September is generally slightly flat, but the market seems to be a little too pessimistic. We prefer to believe that there will be a bull market at the end of the year."