Greeks.live： The nominal value of BTC and ETH options totaling $3.1 billion will expire today

Adam, a macro researcher at Greeks.live, announced in an article on X platform that 26000 BTC options will expire today, with a Put Call Ratio of 0.58, a maximum pain point of $99500, and a nominal value of $2.54 billion. In addition, 203000 ETH options will expire today with a Put Call Ratio of 0.46, a maximum pain point of $2950, and a nominal value of $560 million. This week's market situation was weak, with ETH's biggest pain point falling below $3000 again, and the intraday price dropping to $2100, a new low since 2024. BTC effectively fell below the $100000 mark, and has been fluctuating around this price since the market broke through $95000 in late November. The market is still digesting the impact of Trump Trade over the past three months, with delivery volume accounting for 10% of total holdings this week. Call option trading volume has significantly decreased, while the proportion of bulk put transactions is increasing. Tonight we have the US January unemployment rate and non farm payroll data, and the impact of macroeconomic events on the US stock market is worth paying attention to. The overall risk of major speculative markets is now highly correlated.