Greeks.live: The cryptocurrency market has started to warm up this week, but indicators such as capital flow still show characteristics of a bear market.

Mars Finance News, on April 17th, Greeks.live posted on social media stating, “April 17th options expiration data: 22k BTC options are expiring, with a Put-Call Ratio of 1.05, the maximum pain point at $72,000, with a notional value of $1.65 billion. 100k ETH options are expiring, with a Put-Call Ratio of 0.95, the maximum pain point at $2,250, with a notional value of $460 million. This week’s market continued to rebound, with Bitcoin oscillating around $75,000, and the market began to warm up, with some concepts showing significant gains. The market share of Bitcoin options slightly declined, and altcoins are warming up. Regarding holding periods, the distribution of open interest in the options market shows that 70% of positions are concentrated between April 24 and June 26, especially around the key dates at the end of April and May. Based on major options data, the implied volatility (IV) for Bitcoin’s main maturities has dropped sharply this month, with most maturities’ IV falling to around 40%. The IV for ETH’s main maturities has also decreased to around 60%, with short-term IV stabilizing and rising slightly this week, while medium- and long-term IVs continue to decline. Skew continues to rise, the bearish market sentiment weakens, and opportunities are beginning to appear. However, Bitcoin’s performance this year in both price and popularity remains poor. Although this month’s ongoing rebound presents some structural opportunities, indicators such as capital flow suggest that cryptocurrencies still exhibit characteristics of a bear market.”