Greeks.live: $1 Billion in Notional BTC Options and $470 Million in ETH Options to Expiry

Greeks.live Macro Researcher Adam posted on the X platform that 18,000 BTC options are about to expire with a Put Call Ratio of 0.65, a maximum pain point of $61,500 and a notional value of $1 billion. The 164,000 ETH options are about to expire, with a Put Call Ratio of 0.36, a maximum pain point of $3350 and a notional value of $470 million.

Additionally Adam said, "The crypto market started July with heavy losses, with all major cryptocurrencies dropping to multi-month lows, and just after quarterly deliveries were completed the market saw huge volatility, with major maturity IVs increasing dramatically, making it a good opportunity for institutional sellers to build their positions. The market atmosphere is more pessimistic, the mainstream coin put options IV rose significantly, the term structure presents the inversion phenomenon of far-low and near-high, ETH ETF will have more clear news in the near future, and those who want to plunge to the bottom can buy some end-of-month calls, the cost-effectiveness is far more than the futures to do more.