According to Odaily, Greeks.live macro researcher Adam shared insights on the X platform regarding the options expiry data for July 4. The data revealed that 28,000 BTC options expired with a Put Call Ratio of 1.07, a maximum pain point 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 maximum pain point of $2,500, and a nominal value of $600 million.
Today marks the first expiry day following the quarterly settlement, with the market remaining relatively stable. Recent attention has shifted towards the tokenization of U.S. stocks, diverting focus from the crypto market. Despite BTC reaching new highs, market sentiment has not been significantly influenced.
Analyzing the main options data, BTC's implied volatility (IV) continues to hover at low levels, with short to medium-term IV below 35%. Meanwhile, ETH's IV has slightly decreased, falling below 60%. The space for cross-currency volatility strategies remains available.
