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BTC $67,674.28 +1.18%
ETH $2,050.52 +2.84%
BNB $625.07 +1.26%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $494.17 -4.63%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $67,674.28 +1.18%
ETH $2,050.52 +2.84%
BNB $625.07 +1.26%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $494.17 -4.63%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

ata

Data: BTC and ETH options with a nominal value of 8.9 billion dollars will expire tomorrow, and options market data shows that bottom-fishing strength is beginning to emerge

According to data from Greeks.live, 116,000 BTC options will expire this Friday, with a Put Call Ratio of 0.76, a maximum pain point of $75,000, and a nominal value of $7.9 billion. 206,000 ETH options will also expire this Friday, with a Put Call Ratio of 0.77, a maximum pain point of $2,200, and a nominal value of $980 million.Greeks.live analyst Adam stated that the current cryptocurrency market remains sluggish, with the entire February trend weakly oscillating above $60,000. Tomorrow, options representing 20% of the total open interest will expire, totaling nearly $9 billion, with Bitcoin's open interest reaching a peak in recent years. Thanks to a rebound in the past two days, the implied volatility of Bitcoin and Ethereum has increased this week, with BTC's main expiry IV at 47% and ETH's main expiry IV at 65%. The downward price trend has eased somewhat, but market confidence is still lacking.In terms of trading, large bullish options dominate the market, with a significant amount of medium to long-term bullish trades following yesterday's rebound. From the main options data, the Skew has also rebounded comprehensively, indicating a bottom-fishing force in the market. Adam added that the market is still in a bear phase, with no new funds entering the cryptocurrency space and no obvious hotspots, while pessimistic sentiments are prevalent on social media, suggesting that bottom panic may not have arrived yet.
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