Odaily Planet Daily reports that Greeks.live posted on the X platform that 38,000 BTC options have been settled, with a Put-Call Ratio of 0.71. The maximum pain point is $74,000, with a notional value of $2.5 billion. Additionally, 215,000 ETH options have been settled, with a Put-Call Ratio of 0.82. The maximum pain point is $2,100, with a notional value of $410 million.
The crypto market continues to decline, with the maximum pain point dropping rapidly. Today’s options settlement accounts for 9% of the total open interest, with a total value of nearly $2.9 billion. Implied volatility for Bitcoin and Ethereum has decreased this week, with BTC’s main-term IV dropping to 50% and ETH’s to 70%. Although the downward price trend has slowed, market confidence remains weak.
From trading activity, put options dominate. After the market declined again yesterday, some bottom-fishing behavior has begun to appear. Key options indicators show that skew is rebounding, and the proportion of call options in block trades is increasing.
The market remains in a bearish phase, but the most severe decline has ended. Currently, the crypto market lacks incremental capital, and it is too early to discuss a bull market or a significant rebound.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Starcloud Targets Bitcoin Mining in Orbit With New Satellite
Starcloud plans to mine Bitcoin from space using a second spacecraft, aiming to utilize solar energy and the cold environment of low Earth orbit. This initiative could revolutionize energy-intensive computing and address cooling and energy costs for mining operations.
TodayqNews9m ago
New Crypto Buyers Enter the Market: Kazakhstan Plans to Invest Up to $350 Million
The Central Bank of Kazakhstan plans to invest up to $350 million in crypto assets, with investments starting from April to May, accounting for only 0.5% of reserves. At the same time, crypto assets seized by law enforcement will also be included in the national crypto fund, demonstrating the country's further recognition and cautious attitude towards cryptocurrencies.
PANews36m ago
Bitcoin Gold Price Soars 12.83%: Institutional Interest Grows
Bitcoin Gold's price surged by 12.83% to $0.554349, reflecting increased market interest, particularly from institutional investors. Active trading indicates growing retail participation. Traders are monitoring key price levels for potential future trends.
Coinfomania36m ago
UK Reform Party leader Farage invests in Bitcoin company Stack BTC, acquires 6.31% equity
UK Reform Party leader Nigel Farage invests in London Bitcoin company Stack BTC, acquiring a 6.31% stake. This funding round also attracted Blockchain.com to participate, with plans to jointly establish a Bitcoin reserve. Farage believes London should become a global cryptocurrency hub.
GateNews37m ago
Bitcoin shows resilience, options market indicates easing of downside concerns
Despite international oil prices rising to $115 and the market shifting to a defensive stance, Bitcoin has shown resilience, with options flow indicating reduced downside concerns. Market optimism towards Bitcoin is returning, with focus on this week's economic data.
GateNews51m ago
