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Greeks.live: Recent Market Focus on Tokenized US Stocks Diverts Attention from Crypto Market
Summary: According to Greeks.live macro researcher Adam on the X platform, data from the July 4 options expiration shows 28,000 BTC options expiring with a Put Call Ratio of 1.07, a max pain of $106,000, and a nominal value of $3 billion. Additionally, 237,000 ETH options expired with a Put Call Ratio of 1.25, a max ...
According to Greeks.live macro researcher Adam on the X platform, data from the July 4 options expiration shows 28,000 BTC options expiring with a Put Call Ratio of 1.07, a max pain of $106,000, and a nominal value of $3 billion. Additionally, 237,000 ETH options expired with a Put Call Ratio of 1.25, a max pain of $2,500, and a nominal value of $6 billion. Today, the first delivery day after the quarterly expiration was relatively stable. The recent focus has been on tokenizing US stocks, diverting attention from the crypto market. Despite BTC hitting new highs again, market sentiment has not been significantly boosted. Looking at the main options data, BTC's implied volatility (IV) remains low, hovering below 35% in the short to medium term. ETH's IV has slightly fallen, dropping below 60%. There is still room for volatility cross-currency strategy operations.
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Link: Greeks.live: Recent Market Focus on Tokenized US Stocks Diverts Attention from Crypto Market [Copy]
