BlockBeats news, on March 12, Greeks.live posted on social media: "March 13 options expiration data: 26,000 BTC options expire, with a Put/Call Ratio of 0.9, open interest at $69,000, and a notional value of $1.8 billion. 182,000 ETH options expire, with a Put/Call Ratio of 1.21, open interest at $2,000, and a notional value of $380 million."
The crypto market continued its rebound this week, with Bitcoin regaining the $70,000 psychological level, though the momentum of the rally has weakened. Data from the options market shows that implied volatility (IV) for short- and medium-term options declined this week, while IV for medium- and long-term options rose slightly—both movements were modest. The primary term IV for BTC stands at 50%, while for ETH it is at 70%. RV, however, showed a more pronounced decline.
Only 6% of the total open interest in options expires tomorrow, the lowest level in recent years, indicating that Bitcoin trading sentiment has reached an extreme low. However, good news is that this week’s biggest concern finally stopped declining, ending months of downward momentum with a rebound.
In terms of trading volume, bullish and bearish positions each accounted for a quarter of volume in both block trades and order book activity, with no single option type dominating. Key option data also shows minimal skew movement, indicating the market has clearly entered a period of观望. The market remains in a bearish trend, and recent AI-related hype has not provided any meaningful boost.