Greeks.live: Option Data Shows Market Sentiment is Optimistic, but Short-Term Still Leans Cautious

BlockBeats News, May 16th, Greek.live analyst Adam posted on social media, saying, "May 16th Options Expiry Data: 27,000 BTC options expiring, Put Call Ratio at 1.03, max pain at $100,000, notional value of $2.76 billion. 220,000 ETH options expiring, Put Call Ratio at 1.36, max pain at $2300, notional value of $570 million."

This week's Bitcoin expiry data is almost the same as last week, with Ethereum being similar apart from price factors. Currently, the market sentiment is very positive, but the options data shows that mainstream coin holders are still few, with limited profit takers. Currently, Bitcoin's short- to medium-term RV has dropped below 35%, with medium- to long-term RV around 50%, but the IV decline is more pronounced, almost all falling below 45%, so the VRP for each term has instead fallen.

Expiry volume is less than 9% of the total open interest, with a consistently high proportion of bearish options this month, this phenomenon may not see a significant change until June, the market is quite optimistic about the upcoming market trend, but there are not many short-term Bitcoin longs."