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Greeks.live: The volatility level of the cryptocurrency market has significantly increased this week, and it seems that halving expectations have been overly leveraged

Greeks.live: The volatility level of the cryptocurrency market has significantly increased this week, and it seems that halving expectations have been overly leveraged

2024/04/12 02:07
By:

ChainCatcher message, Greeks.live researcher Adam posted on social media that the options delivery data for April 12 is as follows:

21,000 BTC options expired, with a Put Call Ratio of 0.62, the biggest pain point at $69,000 and a nominal value of $1.5 billion.
230,000 ETH options expired, with a Put Call Ratio of 0.49, the biggest pain point at $3425 and a nominal value of $800 million.

It is reported that the volatility level in the crypto market has significantly increased this week; there's intense competition around $70,000 and $3500 but major term IVs have seen significant declines. Selling bullish has been the main transaction this month; halving expectations seem to be overdrawn.

In addition to this recent slowdown in ETF inflows and lack of new hotspots in the market have led to low morale; selling medium-to-long-term is indeed a good choice while short-term purchases are also worth considering due to halving presence.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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