$4.6 billion worth of BTC and $1.3 billion worth of ETH options are set to expire today, with the maximum pain point at $11,800 and $4,000 respectively.
BlockBeats News, August 15, Greek.Live analyst Adam released today's options expiry data:
39,000 BTC options expired, Put Call Ratio was 0.95, max pain at $118,000, nominal value of $4.6 billion.
280,000 ETH options expired, Put Call Ratio was 1.04, max pain at $4000, nominal value of $1.3 billion.
BTC hit a new high this week, and ETH also reached a historical high near $4800, with the market sentiment extremely bullish. Nearly $6 billion in options expired this week, accounting for 9% of the current total open interest, and Deribit's single-day options volume reached $10.9 billion on Thursday. Looking at the major options data, in terms of implied volatility, BTC's IV remains low, with medium to short-term IV staying below 35%, while ETH's main term IV remains high at 70%, matching the current potential volatility expectations for ETH. There have been many large trades recently, with a significant number of large trades for both bullish and bearish positions, indicating a clear divergence in the options market.
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