Greeks.live: The bullish force in the spot bull market is stable and the market sentiment is very optimistic

Greeks.live macro researcher Adam published an analysis pointing out that 98,000 BTC options expired, the Put Call Ratio was 0.84, the maximum pain point was $80,000, and the nominal value was $9.48 billion; 412,000 ETH options expired, the Put Call Ratio was 0.75, the maximum pain point was $2,900, and the nominal value was $1.47 billion. Bitcoin's impact on $100,000 was blocked, ETH led the market this week, and the rotation of altcoins rebounded. The risks that may be brought about by the end of BTC's lead were taken by ETH, and the bullish power of the spot bull market was stable. More than 20% of the positions expired this week, and next month will be the end-of-year options, when 40% of the positions will expire. A large number of positions will be transferred and the Christmas market will put pressure on the implied volatility. The market atmosphere is very optimistic now. Institutions are worried about replicating the end-of-20 market, and the options market appears to be more cautious.