Odaily News Greeks.live macro researcher Adam posted on X platform stating that the July 4 Options Delivery data shows:
28,000 BTC Options expire, Put Call Ratio is 1.07, maximum pain point is 106,000 USD, notional value is 3 billion USD.
237,000 ETH Options expire, Put Call Ratio is 1.25, Maximum Pain Point is $2,500, Notional Value is $600 million.
Today is the first delivery day after the quarterly delivery, and the market is relatively stable. Recently, the hot topic has been the tokenization of U.S. stocks, which has undoubtedly diverted attention from the crypto market. Although BTC is once again pushing for new highs, market sentiment has clearly not been driven. From the main options data, in terms of implied volatility, BTC's IV is still hovering at a low level, with short to medium-term IV fully below 35%. ETH's IV has slightly retreated, falling below 60%, and there is still room for cross-currency volatility strategy operations.
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Greeks.live: Recently, the market is following the tokenization of US stocks, diverting attention from the crypto market.
Odaily News Greeks.live macro researcher Adam posted on X platform stating that the July 4 Options Delivery data shows: 28,000 BTC Options expire, Put Call Ratio is 1.07, maximum pain point is 106,000 USD, notional value is 3 billion USD. 237,000 ETH Options expire, Put Call Ratio is 1.25, Maximum Pain Point is $2,500, Notional Value is $600 million. Today is the first delivery day after the quarterly delivery, and the market is relatively stable. Recently, the hot topic has been the tokenization of U.S. stocks, which has undoubtedly diverted attention from the crypto market. Although BTC is once again pushing for new highs, market sentiment has clearly not been driven. From the main options data, in terms of implied volatility, BTC's IV is still hovering at a low level, with short to medium-term IV fully below 35%. ETH's IV has slightly retreated, falling below 60%, and there is still room for cross-currency volatility strategy operations.