Greeks.live: Tomorrow's Cryptocurrency Options Will See Quarterly Settlement, Overall Sentiment Still Bearish

BlockBeats News, March 26th, Greeks.live posted on social media that the Q1 quarterly big expiration day is approaching, and tomorrow will see the largest options expiration of the year, with nearly 40% of options expiring.

Key expiration data: BTC Max Pain: currently anchored at $75,000, which seems out of reach at the moment. Put/Call Ratio: holding around 0.6, relatively low, indicating a lower volume of put options trading, but overall sentiment still leans bearish.

Implied Volatility (IV) Alert: IV Crush is imminent, with the front-end implied volatility near expiration date still holding strong. However, once the expiration tomorrow concludes, there is a high probability of a sharp IV Crush (volatility plummet). Currently, buyers of short-term options are at a significant disadvantage, while sellers have a clear edge.

Whales and Whale Trades: Today's bulk data on Deribit shows smart money aggressively engaging in rollover operations. Many institutions are closing out their expiring positions for tomorrow and heavily opening positions for June and September forward out-of-the-money call options.