Key Points
- 96k Bitcoin and 990k Ethereum options expire today, Greeks.live data reveals.
- Bitcoin continues trading above $64k, up by about 0.7% in the past 24 hours on CoinMarketCap.
The latest reports coming from Greeks.live, a trading tool solution provider to crypto options traders, reveal that 96k Bitcoin and 990k Ethereum options are set to expire today.
In a post on X, the team behind the trading tool announced that the 96k BTC options are about to expire with a Put Call Ratio of 0.68, a Maxpain point of $61k, and a notional value of $6.2 billion.
Also, 990k ETH options will expire with a Put Call Ratio of 0.51, a Maxpain point of $3,100, and a notional value of $3.1 billion.
The crypto market volume saw a significant decline over this week, and both Bitcoin and Ethereum have been oscillating at low levels.
Also, the weakness from the market triggered significant declines in IV across all major terms, with Dvol being down as much as 15% since the halving event that took place on April 20. The halving failed to deliver volatility and resulted in the accelerated selling of a large number of options, Greeks.live notes.
The team behind the trading tool also brings up the recent Bitcoin ETF outflows and highlights that the market sentiment is now more subdued.
April 26 Options Data
96k BTC options are about to expire with a Put Call Ratio of 0.68, a Maxpain point of $61,000 and a notional value of $6.2 billion.
990k ETH options are about to expire with a Put Call Ratio of 0.51, a Maxpain point of $3,100 and a notional value of $3.1… pic.twitter.com/zgJ7ASR4Ll— Greeks.live (@GreeksLive) April 26, 2024
Also, last week’s mention of giant whales’ lack of confidence in the aftermath of the market remains the same. The notes conclude by saying that the resistance for Bitcoin to return to new ATHs soon is extremely high.
At the moment of writing this article, BTC is trading above $64k, up by approximately 0.7% in the past 24 hours on CoinMarketCap.
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BlackRock’s BTC ETF IBIT remains at $0 inflows
The latest data from SoSoValue notes that the total net outflow from Bitcoin ETFs was $218 million yesterday.
Grayscale ETF GBTC witnessed a net outflow of $139 million, Fidelity’s BTC ETF FBTC had a net outflow of $22.61 million, and Valkyrie’s BTC ETF BRRR saw a net outflow of $20.16 million. This marks the first time that FBTV and BRRR experienced net outflows.
Franklin ETF EZBC was the only Bitcoin spot ETF that saw a net inflow, with a daily net of $1.87 million. BlackRock’s BTC ETF IBIT remains at $0 inflows for the second day in a row.