According to Greekslive, 25.6k BTC options are expiring, with a Put-Call Ratio of 0.56, a maximum pain point of $70,500, and a notional value of $1.62 billion. 155k ETH options are expiring, with a Put-Call Ratio of 0.92, a maximum pain point of $2,000, and a notional value of $270 million. From the main options data, as the price continues to decline, GEX is distributed between 60K and 63K, with a significantly negative skew. Due to the large market movement, implied volatility (IV) rebounded slightly after last month's settlement, but BTC IV only bounced back to around 40%. However, based on this year's market trend, as long as the price stabilizes, IV will quickly decline.

BTC-0.35%
ETH-4.43%
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BluePeonyPlan
· 3h ago
ETH's PCR is almost 1, and the sentiment is much worse compared to BTC.
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FragmentGlowFlower
· 7h ago
Put/Call Ratio is only 0.56—are the bulls really this reckless?
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0xCaffeine
· 7h ago
GEX is stacked at 60-63K; if we can't hold this range, IV will continue to drop.
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MountainSilhouetteBeforeThe
· 7h ago
70500 Pain point: the current price is a bit far from where it should be—will it pull back before delivery?
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