June 7 BTC ETH Options Data
18,000 BTC options expired with a Put Call Ratio of 0.67, a Maxpain point of $70,000 and a notional value of $1.25 billion.
260,000 ETH options expired with a Put Call Ratio of 0.64, Maxpain point of $3,650 and notional value of $1 billion.
With the BOC and the ECB initiating interest rate cuts this week, and the market performing better, which is now a two-wheel drive of BTC ETFs and ETH ETFs, with a more optimistic market atmosphere as macro and news diverge significantly.
Now BTC's major term IV is around 50%, ETH's major term IV is around 55%, both of which have fallen to a reasonable level, and last week's mention of selling ETH and buying BTC to make cross-currency IV spreads can be profitably closed.
This month's BTC market probability will be strongly correlated with the macro news of the Fed's interest rate cut, while the ETH trend is mainly affected by the news of ETF approval.
260,000 ETH options expired with a Put Call Ratio of 0.64, Maxpain point of $3,650 and notional value of $1 billion.
With the BOC and the ECB initiating interest rate cuts this week, and the market performing better, which is now a two-wheel drive of BTC ETFs and ETH ETFs, with a more optimistic market atmosphere as macro and news diverge significantly.
Now BTC's major term IV is around 50%, ETH's major term IV is around 55%, both of which have fallen to a reasonable level, and last week's mention of selling ETH and buying BTC to make cross-currency IV spreads can be profitably closed.
This month's BTC market probability will be strongly correlated with the macro news of the Fed's interest rate cut, while the ETH trend is mainly affected by the news of ETF approval.
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