The $9.87 Billion Nominal Value Bitcoin and Ethereum Options Will Expire on April 24th

BlockBeats News, April 24, Greeks.live posted on social media, stating, "April 24 Expiration Data: 109,000 BTC options expired, Put Call Ratio at 0.93, Max Pain at $72,000, Nominal Value of $8.55 billion. 563,000 ETH options expired, Put Call Ratio at 0.72, Max Pain at $2,200, Nominal Value of $13.2 billion."

The market continued to rebound this week, with Bitcoin strongly breaking through $78,000. The Web3 Summit in Hong Kong was also filled with a rising atmosphere, and the altcoin market was warming up. This is the monthly expiration, with 25% of the options set to expire, and in terms of open interest duration, the distribution of open options contracts in the market shows 12% expiring at the end of May and 24% at the end of June.

Looking at the main options data, Bitcoin's main term IV continued to decline this month, with IV for most terms dropping by 1% to 2%, falling below 40%, while ETH's main term IV dropped more, currently around 60%. Despite the price increase, Skew has eased, and the market is not showing FOMO sentiment. In the second quarter of this year, Bitcoin has performed significantly better than in the first quarter in terms of price and activity. This month's sustained rebound is a reflection of fund inflows. If the macro pressure bottoms out in mid-year, Bitcoin's bottom will also be confirmed."