107,000 BTC options and 1.04 million ETH options will expire today, with a total nominal value exceeding 10 billion US dollars

PANews reported on June 28th, according to data released by Adam@Greeks.live today, 107,000 BTC options expired with a Put Call Ratio of 0.5 and the maximum pain point at $57,000 USD, representing a nominal value of $6.6 billion USD. Additionally, 1.04 million ETH options expired with a Put Call Ratio of 0.59 and the maximum pain point at $3,100 USD; this represents a nominal value of $3.6 billion USD.

According to his analysis, today is the quarterly option expiration day with total nominal values exceeding $10 billion USD. The prices for both BTC and ETH were once close to what investors considered an unattainable maximum pain point which led to pessimism in market sentiment. Despite significant fluctuations, implied volatility (IV) for mainstream coins remained low: below 50% for all major BTC terms and below 60% for ETH ones respectively . It's expected that there will be definitive news about the ETH ETF early next month which could put downward pressure on IVs; currently buying call options in this low IV environment is seen as cost-effective choice.