Bitcoin and Ethereum options contracts worth 2.01 billion USD expire today

20,000 BTC options and 182,000 ETH options expired on May 8th, with put-call ratios of 0.73 and 0.93 respectively.

The notional value of BTC options reached $1.6 billion, while ETH options are at $410 million. The highest recorded target price is $79,500 for BTC and $2,350 for ETH.

Bitcoin has increased from $75,000 to $82,000 this week, then reversed and declined last night. Despite positive price movements, market sentiment remains quite stable, with no significant volatility observed in short-term options.

The implied volatility and actual short-term volatility of major maturities have remained almost unchanged compared to last week, with a slight increase in short-term RV. Short-term IV for BTC is around 35%, and for ETH about 50%; the medium- and long-term IV for both has also decreased slightly.

Skew remains generally stable, with only a slight uptick, indicating the market is in a neutral state. Futures trading volume has dropped to historic lows, block trade activity is less frequent, while open interest at the end of May and June is approximately 20% and 30%, respectively, reflecting an accumulation phase.

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BTC0.08%
ETH0.98%
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