Greeks.live: The market is overly pessimistic, there may be a bull market by the end of the year
Greeks.live researcher Adam posted today's options settlement data on social media. 14,000 BTC options are about to expire with a Put Call Ratio of 0.81, the maximum pain point is $59,000 and the nominal value is $760 million. 125,000 ETH options are about to expire with a Put Call Ratio of 0.63, the maximum pain point is $2,500 and the nominal value is $290 million.
Cryptocurrencies have been falling this week and it's clear from option data that the whole market is weak; recent declines in major pain points can't keep up with price drops anymore. The main term IV has risen slightly as we approach U.S elections; October 8th’s IV bulge is gradually being flattened out. Last week we mentioned historical trading data - September tends to be somewhat flat but markets seem overly pessimistic right now; we prefer to believe there will be a bull run by year-end.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%