BTC and ETH options with a notional value of approximately $1.89 billion will expire today

BlockBeats news, July 12, according to Greeks.live data, 24,000 BTC options will expire today, the Put Call Ratio is 1.08, the maximum pain point is $58,500, and the notional value is $1.4 billion.

157,000 ETH options will expire today, the Put Call Ratio is 0.37, the maximum pain point is $3,100, and the notional value is $490 million.

Greeks.live researcher Adam said that the crypto market rebounded slightly this week, and the main term IVs all fell sharply, falling to a new low since March. Quarterly delivery and large fluctuations have created a perfect entry opportunity for sellers. This week, option sellers have opened a large number of positions, which has also become a driving force for lowering the main term IVs. The market atmosphere is not optimistic. The news of ETH ETF has been postponed. Even if the ETF is listed as scheduled, the mainstream view is that it will not bring in funds quickly. Now the US stock market is also relatively weak. The entire risk asset market is counting on the September interest rate cut to save it.