Bitcoin and Ethereum options with a notional value of $9.87 billion will expire and settle on April 24.

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ME News update: On April 24 (UTC+8), Greeks.live macro researcher Adam posted on the X platform to announce the April 24 options expiration/delivery data:

  1. 109,000 BTC options expired, with a Put Call Ratio of 0.93. The maximum pain point was $72,000, with a notional value of $8.55 billion.
  2. 563,000 ETH options expired, with a Put Call Ratio of 0.72. The maximum pain point was $2,200, with a notional value of $1.32 billion.

This week’s market has continued to rebound. Bitcoin has strongly broken above $78,000, and the Hong Kong Web3 conference is also filled with a cheerful upward atmosphere, as the altcoin market recovers as well. This is a monthly delivery, with 25% of options set to expire. Regarding holding periods, the distribution of open interest in the options market shows 12% by the end of May and 24% by the end of June.

From the major options data, Bitcoin’s main-tenor IV has continued to decline throughout this month. Most tenors are down 1% to 2%, falling below 40%. ETH’s main-tenor IV has declined even more, currently hovering around 60%. Despite the price rise, Skew has eased back, and the market has not shown FOMO sentiment.

In this year’s second quarter, Bitcoin has clearly outperformed the first quarter in both price and “heat.” This month’s sustained rebound reflects capital inflows. If macro pressure bottoms out around mid-year, Bitcoin’s bottom will also be confirmed. (Source: ODAILY)

BTC1.02%
ETH1.98%
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I'mTheCryptoKing:TheRiseOfThe
· 10h ago
No, look at what date it is today.
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