21,000 BTC and 126,000 ETH Options Expire Today, with a Notional Value of Approximately $2.3 Billion

Odaily News: Adam, a macro researcher at Greeks.live, posted on the X platform stating that today, 21,000 BTC options expired with a Put Call Ratio of 1.07, a maximum pain point of $90,000, and a notional value of $1.9 billion; 126,000 ETH options expired with a Put Call Ratio of 0.88, a maximum pain point of $3,100, and a notional value of $390 million. This week, nearly $2.4 billion worth of options expired, accounting for 7% of the total open interest. BTC implied volatility remained flat compared to before Christmas, with the average IV for major tenors around 40%; ETH's major tenor IV dropped to 55%. Today, block trades accounted for over 70% of the total volume, reaching the highest level in recent months. The market primarily positioned in BTC end-of-month call options and ETH end-of-month put options.