$8.9 Billion Worth of BTC, ETH Options Set to Expire Tomorrow, Option Market Data Shows Buying Interest Emerging

BlockBeats News, February 26th, according to Greeks.live data, 116,000 BTC options will expire this Friday, Put Call Ratio is 0.76, the maximum pain point is $75,000, with a notional value of $7.9 billion.

206,000 ETH options will expire this Friday, Put Call Ratio is 0.77, the maximum pain point is $2,200, with a notional value of $9.8 billion.

Greeks.live analyst Adam stated that the current crypto market is still sluggish, with Bitcoin dropping to the $60,000 integer mark in early February, and the entire February market trading weakly above $60,000.

Tomorrow, 20% of the total open interest in options will expire, totaling nearly $9 billion, reaching a near multi-year peak in Bitcoin's open interest. Thanks to the rebound in the past two days, this week Bitcoin and Ethereum's implied volatility has increased, with BTC's main term IV at 47% and ETH's main term IV at 65%. The downtrend has eased, but market confidence remains low.

In terms of trading, large bullish options dominate. After yesterday's rebound, a large amount of medium- to long-term bullish transactions occurred. Looking at the major options data, Skew has also rebounded across the board, showing bottom-fishing strength in the market.

Adam added that the market is still in a bearish phase, with no new funds entering the crypto space and no obvious hotspots. Pessimism prevails on social media, and bottom-fishing panic may not have arrived yet.