#BTC at $70K. Break ATH soon?

The data indicates that the expiration of the 18,000 BTC option, the Put Call Ratio is 0.67, the largest strike price is $70,000, and the nominal value is $1.25 billion. It also shows that the expiration of the 260,000 ETH option, the Put Call Ratio is 0.64, the largest strike price is $3,650, and the nominal value is $1 billion.
Greeks.live reported that the Bank of Canada and the European Central Bank lowered interest rates this week and all risk capital markets performed well. The cryptocurrency market is now being managed by BTC ETF and ETH ETF. News elements are clearly distinguished and the market sentiment is relatively optimistic.
Now the IV of every basic BTC term is around 50% and the IV of every basic ETH term is around 55%, both values have dropped to reasonable levels. As mentioned last week, selling ETH and buying BTC can enable you to make a profit, the IV difference between currencies can allow you to gain profit.
This month, BTC market is likely to be strongly associated with macro news about the Federal Reserve System's interest rate cuts, and there is a high probability that the ETH trend will generally be affected by ETF approval news.
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