#BTC at $70K. Break ATH soon?

The data shows that the 18,000 BTC option has expired, the Put Call Ratio is 0.67, the highest strike price is $70,000, and the nominal value is $1.25 billion. It also shows that the 260,000 ETH option has expired, the Put Call Ratio is 0.64, the highest strike price is $3,650, and the nominal value is $1 billion.
Greeks.live reported that the Bank of Canada and the European Central Bank lowered interest rates this week and that the entire venture capital market performed well. The cryptocurrency market is now being managed by BTC ETF and ETH ETF. News elements are clearly separated and the market sentiment is relatively optimistic.
Now the IV of every basic BTC term is approximately 50% and the IV of every basic ETH term is approximately 55%, both values have dropped to reasonable levels. As mentioned last week, selling ETH and buying BTC can allow you to profit, the IV spread between currencies can enable you to make a profit.
This month, it is highly likely that the BTC market will be strongly associated with macro news about the Federal Reserve System's interest rate cuts, and there is a high probability that the ETH trend will generally be affected by ETF approval news.
#BTC
#HotTopicDiscussion
#ETH