BlockBeats News, March 12th, Greeks.live posted on social media, stating, “March 13th Option Expiration Data: 26,000 BTC options expiring, Put Call Ratio at 0.9, Max Pain at $69,000, nominal value of $1.8 billion. 182,000 ETH options expiring, Put Call Ratio at 1.21, Max Pain at $2,000, nominal value of $380 million.
The crypto market continued its rebound this week, with Bitcoin once again reclaiming the $70,000 milestone, but with weakening momentum. Looking at the options market data, the IV for short to medium-term options decreased, while the IV for medium to long-term options increased, albeit slightly. The main term IV for BTC is at 50%, ETH at 70%, with a more significant decrease in RV.
Tomorrow, only 6% of the total open interest in options will expire, the lowest level in recent years, indicating that Bitcoin’s trading activity has reached an extremely low level. However, a positive note is that this week’s Max Pain level did not continue to decline, showing a rebound after months of decline.
In terms of trading, in both bulk and order book, bullish and bearish trades each accounted for a quarter of the volume, with no single option dominating. Looking at the key options data, Skew has also shown minimal fluctuations, indicating a market in a clear state of indecision. The market is still bearish, and the recent AI hype has not brought any improvement.”
