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詳情：https://www.gate.com/announcements/article/51597
【March 20th Options Expiration Data】
23,000 BTC options expiring, Put Call Ratio at 0.88, max pain point at $70,000, notional value of $1.6 billion.
176,000 ETH options expiring, Put Call Ratio at 1.04, max pain point at $2,150, notional value of $370 million.
The crypto market's current rally has come to an end, with Bitcoin briefly breaking below the $70,000 round number. In the past week, $75,000 has been frequently mentioned as a key resistance level, with 5% of month-end options positioned at this price. The breakout ultimately failed and pulled back to around $70,000.
Next Friday is the quarterly expiration. From options market data, 75K is the price with the most concentrated positions and is the absolute resistance level. Below that, 65K/62K/60K are all areas of dense positions and can be considered downside support. This week, IV and RV for major expiry periods remain basically unchanged, with BTC's main period IV around 50% and ETH's main period IV around 70%. Continued RV decline has pushed VRP to keep rising.
Only 5% of total open interest expires, continuing to reach the lowest level. Despite volatility, Bitcoin's trading activity remains at an extremely low level. Due to price pullback, Skew has declined across the board, the market remains in a bear trend, and bullish momentum is extremely fragile.