BlockBeats News, February 26th, according to Greeks.live data, 116,000 BTC options will expire this Friday, Put Call Ratio is 0.76, max pain at $75,000, notional value of $7.9 billion.
206,000 ETH options will expire this Friday, Put Call Ratio is 0.77, max pain at $2200, notional value of $9.8 billion.
Greeks.live analyst Adam stated that the current crypto market is still sluggish, with Bitcoin dropping to the $60,000 integer mark in early February, and the entire February market fluctuating weakly above $60,000.
Tomorrow, options accounting for 20% of the total open interest will expire, totaling nearly $9 billion, and Bitcoin’s open interest ratio has reached a peak in recent years. Thanks to the rebound in the past two days, the implied volatility of Bitcoin and Ethereum has risen this week, with BTC’s primary term IV at 47% and ETH’s primary term IV at 65%. The downtrend has eased, but market confidence remains lackluster.
In terms of trading, large bullish options dominate the market. After yesterday’s rebound, a large amount of medium- to long-term call options were traded. Looking at the major options data, Skew has also rebounded across the board, showing bottom-fishing strength in the market.
Adam added that the market is still in a bear market, with no new funds or clear hotspots in the crypto space. Pessimism pervades social media, and bottom-picking panic may not have arrived yet.
