Greeks.live: 59,000 BTC and 529,000 ETH options will expire today, with a total nominal value of $5.78 billion
ChainCatcher news, Greeks.live macro researcher Adam stated that today 59,000 BTC options will expire, with a put/call ratio of 0.7, and the maximum pain point at $96,000, with a nominal value of $4.66 billion. At the same time, 529,000 ETH options will also expire, with a put/call ratio of 0.52, a maximum pain point of $3,000, and a nominal value of $1.12 billion.Analysis shows that due to the sharp decline in U.S. stocks and multiple security incidents, the crypto market is on the brink of collapse this week, with mainstream coins leading the decline. Market panic is spreading, and implied volatility (IV) has surged significantly, with BTC's short-term volatility once climbing to 90%, and ETH's short-term volatility even exceeding 100%.The report pointed out that large options traders have been continuously selling medium- to short-term call options over the past month, confirming institutions' previous prediction that February would be a "dead time with no market activity," as the market indeed shows signs of lacking hotspots and capital.
