Greeks.live: Market panic spreads, Bitcoin implied volatility IV soars

Odaily News Greeks.live analyst Adam shared options data and market views on X: 59,000 BTC options expired today, with a Put Call Ratio of 0.7, a maximum pain point of $96,000, and a notional value of $4.66 billion; 529,000 ETH options expired today, with a Put Call Ratio of 0.52, a maximum pain point of $3,000, and a notional value of $1.12 billion.

The market was on the verge of collapse this week. Affected by the plunge in US stocks and multiple security incidents, the market fell sharply under the leadership of mainstream currencies, and the implied volatility IV soared. In particular, the short-term volatility of BTC once climbed to 90%, and the short-term volatility of ETH directly exceeded 100%. The panic in the market is spreading. At the beginning of this month, it was mentioned that institutions generally believed that February would be a garbage time with no market. Indeed, the market seems to lack hot spots and funds. Option tycoons have continued to sell medium- and short-term call options for nearly a month, and smart money has won again.