Greeks.live: The bullish strength in the spot bull market is robust, and the market sentiment is very optimistic

2024-11-29 17:55:04

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ChainCatcher news, Greeks.live macro researcher Adam published an analysis pointing out that 98,000 BTC options are expiring, with a Put Call Ratio of 0.84, the maximum pain point at $80,000, and a nominal value of $9.48 billion; 412,000 ETH options are expiring, with a Put Call Ratio of 0.75, the maximum pain point at $2,900, and a nominal value of $1.47 billion.

Bitcoin's attempt to break through $100,000 is hindered, while ETH leads the market this week, with a rebound in altcoin rotation. The potential risks from the end of BTC's rally may be absorbed by ETH, and the bullish strength in the spot bull market remains robust.

This week, over 20% of positions are expiring, and next month will see the year-end options, at which point 40% of positions will expire. A large amount of position shifting and the Christmas market will put pressure on implied volatility. The market atmosphere is currently very optimistic, with institutions concerned about replicating the end-of-year rally from 2020, making the options market appear more cautious.

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