Greeks.live: Market panic sentiment spreads, Bitcoin implied volatility IV soars

Odaily Planet Daily reports that Greeks.live analyst Adam shared options data and market views on X: Today, 59,000 BTC options expired with a Put Call Ratio of 0.7, the biggest pain point being $96,000 and a nominal value of $4.66 billion; today also saw the expiration of 529,000 ETH options with a Put Call Ratio of 0.52, the biggest pain point being $3,000 and a nominal value of $1.12 billion.

The market is on the verge of collapse this week due to plummeting U.S stocks and multiple security incidents causing major cryptocurrencies to fall sharply while implied volatility (IV) soars - particularly short-term volatility for BTC which climbed up to 90%, while ETH's short-term volatility even broke through 100%. Market panic is spreading; at the beginning of this month it was mentioned that institutions generally believe February will be a lackluster period without any significant trends – indeed it seems like there are no hot topics or funds in sight. Large option holders have been continuously selling medium-short term bullish options over nearly one month - smart money has won again.