20,000 BTC options expired with a Put Call Ratio of 0.49, a maximum pain point of $68,500 and a notional value of $1.35 billion. 200,000 ETH options expired with a Put Call Ratio of 0.36, a max pain of $3,600 and a notional value of $710 million. This week is a big macro week, the economic data is more favourable to the market, the U.S. stock market rose significantly, but the crypto market underperformed, the mainstream coins as a whole fell, the altcoins are even more down. There are fewer hot spots in the market recently, and the market is relatively quiet. Now BTC each major short term IV is below 50%, ETH each major short term IV is below 60%, both have fallen to a lower level, the buyer is more cost-effective. There should be news on ETH ETF approval by the end of this month, so it is good time to layout next month call options in advance.
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