Greeks.live: The cryptocurrency market has been relatively weak this week, and Dvol has fallen to its lowest level of the year

2024-08-02 11:07:59

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ChainCatcher news, Greeks.live macro researcher Adam tweeted that 37,000 BTC options are expiring, with a Put Call Ratio of 0.58, and the maximum pain point at $66,000, with a nominal value of $2.4 billion.

180,000 ETH options are expiring, with a Put Call Ratio of 0.55, and the maximum pain point at $3,300, with a nominal value of $600 million.

The cryptocurrency market has been relatively weak this week, with the ETH ETF launch as expected causing a drop in ETH, and overall market funds flowing out. Several important events have landed smoothly, with significant declines in major term implied volatility (IV), and Dvol has fallen to its lowest level of the year, indicating low market expectations for the future.

U.S. stocks have performed poorly recently, and there have been no favorable factors to support the market in August so far; the market may have to wait another month or two.

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