BlockBeats news, on March 27, Greeks.live posted on social media stating, “March 27 expiration data: 68,000 BTC options expired, Put Call Ratio is 0.56, maximum pain point is $74,000, notional value is $13 billion. 370,000 ETH options expired, Put Call Ratio is 0.56, maximum pain point is $2,250, notional value is $2.12 billion.
Today is the quarterly expiration date, with about 36% of Bitcoin and Ethereum options expiring. This week, a large number of options have been rolled over, peaking at over 40% of the total open interest. Moreover, due to it being a large expiration day, the call ratio is quite high, with a PCR of only 0.56.
Despite the volatility in the market, Bitcoin’s trading activity remains relatively low. From the main options data, Bitcoin’s primary expiration IV is at 51%, while ETH’s primary expiration IV is at 70%. RV continues to decline, causing VRP to rise persistently, with the 15D VRP reaching nearly 20% in the first half of this week. In the first quarter of this year, Bitcoin performed poorly in both price and activity, and market confidence is lacking, with hopes for improvement in the second quarter.”
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