According to Deep Tide TechFlow, on May 23, Greeks.live data showed that 25,000 BTC options are set to expire, with a Put Call Ratio of 1.22, and the maximum pain point at $104,000, with a notional value of $2.81 billion.
At the same time, 202,000 ETH options are set to expire, with a Put Call Ratio of 1.26, and the maximum pain point at $2,450, with a notional value of $570 million. Despite Bitcoin hitting a historical high, the options market data is similar to the previous two weeks, with the settlement volume being less than 8% of the total open interest.
The short-term RV of Bitcoin rebounded to over 45%, but the IV remained at 45%. The VRP for all terms has declined, indicating that the market's future expectations are relatively stable.
