Bitcoin and Ethereum options with a nominal value of $9.87 billion will expire and be settled for delivery on April 24.

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ME News message: On April 24 (UTC+8), Greeks.live macro researcher Adam posted on the X platform to announce the April 24 options expiry data: 1) 109,000 BTC options expired, with a Put Call Ratio of 0.93, max pain at $72,000, and a notional value of $8.55 billion. 2) 563,000 ETH options expired, with a Put Call Ratio of 0.72, max pain at $2,200, and a notional value of $1.32 billion. This week’s market continued to rebound; Bitcoin strongly broke through $78,000. The Web3 conference in Hong Kong was also filled with a cheerful atmosphere driven by price increases, and the altcoin rally is also starting to warm up again. This is a monthly expiry, with 25% of the options set to expire. In terms of holding periods, the distribution of open interest in the options market is 12% by the end of May, and 24% by the end of June. Based on the key options data, Bitcoin’s main tenor IV continues to decline throughout this month, with most tenors falling by 1% to 2% and dropping below 40%. ETH’s main tenor IV is falling even more, currently around 60%. Despite the price rising, Skew has eased, and the market is not showing any FOMO sentiment. In Q2 this year, Bitcoin has clearly outperformed Q1 in both price and hype. The sustained rebound this month reflects inflows of capital; if macro pressures hit bottom by mid-year, then Bitcoin’s bottom will also be confirmed. (Source: ODAILY)
BTC0.92%
ETH2.27%
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