February 2nd BTC and ETH options settlement data released
Adam, a macro analyst at Greeks.live, released the options delivery data for February 2 on platform X: 22,000 BTC options are about to expire with a Put Call Ratio of 0.66 and the biggest pain point is $42,000 USD with a nominal value of $960 million USD. Also, 230 thousand ETH options are about to expire with a Put Call Ratio of 0.33 and the biggest pain point is $2300 USD with a nominal value of $530 million USD. According to analysis, this week's crypto market has been relatively stable as both RV and IV showed downward trends in major terms. With Grayscale's sell-off slowing down, Bitcoin spot ETFs have started bringing incremental funds into the crypto market. Block trades were rather dull as some whales reduced their positions mainly betting on profiting from ETFs' liquidation. The next big hotspot is speculating on Bitcoin halving; this year still maintains its bullish tone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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