[May 17th Option Delivery Data]

18,000 BTC options are about to expire, with a Put Call Ratio of 0.63, a maximum pain point of $63,000, and a nominal value of $1.2 billion.

320,000 ETH options are about to expire, with a Put Call Ratio of 0.28, a maximum pain point of $3,000, and a nominal value of $930 million.

This week, stimulated by the Meme trend in the US stock market, BTC ETF also received significant capital inflows, and BTC rose sharply to break through $65,000, but the crypto market outside the Meme was relatively weak, and the trading volume continued to fall. The divergence of BTC and ETH option data can reflect this.

From the perspective of block trading and market trading structure, the IV decline trend of major terms has ended and entered a sideways trend, and there is currently little room for decline. BTC longs and shorts are relatively balanced, while the weakness of ETH currency prices has led to a continuous weakening of market confidence, and selling bullish has become the absolute main transaction.

The seller's cost-effectiveness is average under the current IV, and it would be a better choice to buy at the right time. It is recommended to pay attention to the ETH BTC exchange rate pair transaction.