According to Greeks.live, this week there will be 29,000 BTC options expiring with a Put Call Ratio of 1.1 and a maximum pain point (Maxpain) of $86,000 USD, with a total nominal value of $2.84 billion USD. At the same time, 164,000 ETH options will expire with a Put Call Ratio of 0.65 and a maximum pain point of $3,050 USD, with a total nominal value of $550 million USD.
The price of Bitcoin continues to rise towards the threshold of $100k while Ethereum leads the altcoin market rebound; ibit option trading has begun and large amounts of US funds are flowing into crypto ETFs - multiple positive factors are driving the bull market in spot prices. This week approximately 8% of option positions will expire; among them is Ethereum's strong surge which has significantly increased its implied volatility (IV) for major term options whereas Bitcoin's IV for major term options remains stable. The current market sentiment remains extremely optimistic as widespread gains have alleviated risks associated with Bitcoin corrections.