Greeks.live: The volatility level of the cryptocurrency market has significantly increased this week, and it seems that halving expectations have been overly leveraged
ChainCatcher message, Greeks.live researcher Adam posted on social media that the options delivery data for April 12 is as follows:
21,000 BTC options expired, with a Put Call Ratio of 0.62, the biggest pain point at $69,000 and a nominal value of $1.5 billion.
230,000 ETH options expired, with a Put Call Ratio of 0.49, the biggest pain point at $3425 and a nominal value of $800 million.
It is reported that the volatility level in the crypto market has significantly increased this week; there's intense competition around $70,000 and $3500 but major term IVs have seen significant declines. Selling bullish has been the main transaction this month; halving expectations seem to be overdrawn.
In addition to this recent slowdown in ETF inflows and lack of new hotspots in the market have led to low morale; selling medium-to-long-term is indeed a good choice while short-term purchases are also worth considering due to halving presence.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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