Greeks.live: The crypto market is still weak this week, and it is recommended to buy some monthly put options

PANews reported on May 10 that Greeks.live macro researcher Adam posted on the X platform that 18,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $62,000, and a nominal value of $1.2 billion. 280,000 ETH options are about to expire, with a Put Call Ratio of 0.74, a maximum pain point of $3,050, and a nominal value of $800 million.

This week, the crypto market is relatively weak, with trading volume continuing to fall, and weakness is still continuing. The outflow trend of US BTC ETFs has eased, but from the perspective of block trading and market trading structure, the weakness of the currency price has led to a continuous weakening of market confidence, and the IV of major maturities has continued to decline. The current IV level is slightly below the average water level, with certain support, and there is not much room for further decline.

Based on experience, the market conditions in May were not satisfactory, and it is cost-effective to buy some monthly put options now.