PANews reported on May 30 that Greeks.live analyst Adam posted an analysis on platform X, stating that the monthly options expiration data indicates that crypto institutions are not reacting much to the new highs in Bitcoin, with low expectations for the recent surge and more anticipation for a steady and moderate rise. This week, Bitcoin has mainly been volatile, while Ethereum remains relatively strong, with a rebound that has been ongoing for two weeks. The main delivery data indicates that the market is still optimistic about BTC breaking new highs soon, with the Put Call Ratio for deliveries decreasing. The price above $100,000 has persisted throughout the first half of the year, and recently, deep out-of-the-money trades have gradually increased. The upward momentum of ETH has begun to slow, and the market has re-evaluated ETH's price and volatility, showing a slight overall increase, with medium- to long-term growth of about 3% and short-term implied volatility maintaining at 70%. The delivery volume is less than 8% of the total open interest, and this ratio is continuously declining. Crypto institutions have not reacted much to Bitcoin's new highs and have low expectations for the recent surge, with more anticipation for steady and moderate rises.
According to previous reports, Deribit data shows that $11.7 billion in Bitcoin and Ethereum options are set to expire this Friday, with the maximum pain point for BTC at $100,000.
