Odaily Planet Daily reports that Greeks.live posted on the X platform that the options expiration data as of March 6 shows 32,000 Bitcoin options expiring, with a Put-Call Ratio of 1.69, and the maximum pain point at $69,000, with a notional value of $2.3 billion; 184,000 Ethereum options expiring, with a Put-Call Ratio of 0.85, and the maximum pain point at $1,950, with a notional value of $380 million.
The crypto market has rebounded this week, with Bitcoin stabilizing above the $70,000 mark and now aiming to challenge $75,000. However, according to options market data, selling call options has become the main trading activity in the past two days. Although prices are still rising, the momentum has slowed. Tomorrow, options accounting for 7% of the total open interest will expire, nearly the lowest level in recent times, while Bitcoin’s open interest share has reached a recent peak. Thanks to the recent rebound, implied volatility for Bitcoin and Ethereum has increased this week, with BTC’s main-term IV at 55% and ETH’s main-term IV at 75%.
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