Greeks.live: $1 billion in BTC options and $470 million in ETH options are about to expire

ChainCatcher message, Greeks.live macro researcher Adam posted on the X platform that 18,000 BTC options are about to expire, with a Put Call Ratio of 0.65, and the maximum pain point at $61,500, with a nominal value of $1 billion. 164,000 ETH options are about to expire, with a Put Call Ratio of 0.36, and the maximum pain point at $3,350, with a nominal value of $470 million.

In addition, Adam stated: "At the beginning of July, the crypto market faced a sharp decline, with major cryptocurrencies dropping to new lows in months. Just after the quarterly settlement, the market experienced huge volatility, and the implied volatility for major expirations increased significantly, presenting a good opportunity for institutional sellers to build positions. The market sentiment is relatively pessimistic, with the implied volatility of bearish options for mainstream coins rising significantly, and the term structure showing an inverted pattern of low near and high far. There will be clearer news regarding the ETH ETF soon, and friends looking to buy the dip can consider purchasing some call options for the end of the month, as the cost-effectiveness far exceeds that of going long on futures."