ME News Report, May 15th (UTC+8), data on May 15th options expiration shows: 25k BTC options expiring, Put Call Ratio of 0.59, maximum pain at $80,000, notional value of $2 billion; 274k ETH options expiring, Put Call Ratio of 0.4, maximum pain at $2,300, notional value of $620 million. Analysis states that Bitcoin remains around $80,000 with sideways movement this week, with clear support on the chart, the market is entering a calm period, and market attention is low. Only 6% of BTC options are expiring this week, while 11% of ETH options are expiring. Main expiry options and short-term RV and last week have all slightly decreased, VRP has increased. Bitcoin's main expiry IV is around 35%, ETH's main expiry IV is around 50%, and short-term IV is slightly lower. From the main options data, Skew has slightly decreased across the board, and the volatility of Skew over the past month has been very small, indicating the market's directional sentiment remains neutral. This cycle, options activity is extremely low, with about 20% of positions at the end of May and about 30% at the end of June. In Q2 this year, Bitcoin performed well in both price and popularity, with favorable legal and policy environments, plus improved macro conditions, but overall market enthusiasm was below expectations. Under the long-term positive background, Bitcoin remains the main trading target, and deploying some medium- to long-term options is quite reasonable. (Source: PANews)

BTC-1.94%

ETH-3.42%

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On-ChainNightSecurityGuard

· 1h ago

Bitcoin is indeed strong in the second quarter, but the low activity in options indicates that large funds haven't truly entered the market yet.

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GateUser-78acf617

· 7h ago

ETH IV is 50% higher than BTC by a large margin; altcoin volatility expectations are still present, making it worth doing some volatility arbitrage.

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RedTelephoneBoothSite

· 7h ago

Only 20% of the holdings at the end of May, jumping to 30% at the end of June; this time distribution is a bit interesting.

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BoringButBullish

· 8h ago

35% IV is historically considered the floor price, the window period for selling options to collect rent.

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StopLossSparrow

· 8h ago

The current market is inactive; hold onto your assets and wait for a rally.

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RugProofMaybe

· 8h ago

The nominal value of ETH at 620 million is three times that of BTC, yet the PCR is only 0.4. Is the betting direction too aligned?

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MintCondition

· 8h ago

The 80,000 level is indeed nerve-wracking, Put/Call 0.59 indicates that the bulls are still in the lead, but the IV at 35% is truly embarrassingly low.

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Bitcoin and Ethereum options with a notional value of $2.62 billion are expiring today.

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