Core Insights - The article discusses the expiration of a significant number of BTC and ETH options, highlighting the Put Call Ratios and maximum pain points for both cryptocurrencies [1] Group 1: BTC Options - 39,000 BTC options are set to expire, with a Put Call Ratio of 0.95 and a maximum pain point at $118,000, representing a notional value of $4.6 billion [1] - The implied volatility (IV) for BTC remains low, with mid-term IV consistently below 35% [1] Group 2: ETH Options - 280,000 ETH options are expiring, with a Put Call Ratio of 1.04 and a maximum pain point at $4,000, amounting to a notional value of $1.3 billion [1] - The main term IV for ETH is significantly higher, reaching 70%, aligning with the current volatility expectations for ETH [1] Group 3: Overall Market Impact - Nearly $6 billion in options are set to be settled this week, accounting for 9% of the current total open interest [1]
3.9 万张 BTC 期权和 28 万张 ETH 期权到期
Xin Lang Cai Jing·2025-08-15 09:21