32,000 BTC and 177,000 ETH options expire with low put-call ratios

iconTechFlow
Share
This is the logo of the coin.
BTC
$64,371.502.32%
This is the logo of the coin.
ETH
$1,909.091.66%
AI summary iconSummary
On August 7, 32,000 BTC and 177,000 ETH options expired in the options market. BTC’s put/call ratio was 0.26, with a maximum pain point at $64,000 and a notional value of $2.06 billion. ETH’s put/call ratio was 0.77, with a maximum pain point at $1,900 and a notional value of $340 million. Bitcoin has traded near $64,000 for over two months, with the region above $65,000 serving as a key accumulation zone. With the Fear & Greed Index indicating low speculative activity and limited capital inflows, downward pressure remains a risk. The market has been in a bear phase for nine months, characterized by low implied volatility. Without fresh capital entering in Q3, risk exposure could increase.

According to options analyst Adam@Greeks.live (@BTC__options), on August 7, 32,000 BTC options expired with a Put/Call Ratio of just 0.26, a maximum pain point at $64,000, and a notional value of $2.06 billion; 177,000 ETH options expired with a Put/Call Ratio of 0.77, a maximum pain point at $1,900, and a notional value of $340 million. Bitcoin has been trading sideways near $64K since May, spanning over two months. The area above $65K represents the dense trading zone from the year’s initial rally. Currently, market attention is not focused on crypto, making it difficult for speculative capital to flow in, suggesting a potential downward bias. The cryptocurrency market has endured a nine-month bear market, with overall implied volatility (IV) remaining low for over a quarter. If no new capital inflows occur in Q3, the market faces heightened risks of potential exposure.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.