Greeks.live: 24,000 BTC and 157,000 ETH options are about to expire, with the main term IV falling to a new low since March.

Odaily Planet Daily News Analyst Adam from Greeks.live posted on X that 24,000 BTC Options are about to expire, with a Put Call Ratio of 1.08, a maximum pain point of $58,500, and a notional value of $1.4 billion. 157,000 ETH Options are about to expire, with a Put Call Ratio of 0.37, a maximum pain point of $3,100, and a notional value of $490 million. The encryption market has rebounded slightly this week, with significant declines in the main term IV, falling to a new low since March. The quarterly delivery, combined with significant fluctuations, has created a perfect entry opportunity for sellers. This week, options sellers have built a large position, which has also contributed to the decline in the main term IV. The market sentiment is not optimistic, with continuous delays in the ETH ETF news. Even if the ETF is listed as scheduled, mainstream views do not believe it will bring funds quickly. Currently, the US stock market is also relatively weak, and the entire risk asset market is hoping for a rate cut in September.