Greeks.live: BTC options and ETH options with a total value of $2.73 billion will expire today, with maximum pain points of $92,000 and $3,200 respectively.

Deep Tide TechFlow News, January 16 — Greeks.live macro analyst Adam released a brief in the Chinese community stating, “20,000 BTC options are expiring, with a Put Call Ratio of 1.39, the maximum pain point at $92,000, and a notional value of $2.3 billion.

120,000 ETH options are expiring, with a Put Call Ratio of 1.04, the maximum pain point at $3,200, and a notional value of $430 million.

This week, BTC continued its upward trend this year, approaching $98,000 at one point, just one step away from the $100,000 round number. However, the pressure at the $10,000 level remains very evident, with a large amount of call options being sold and accumulated at this level. Nearly $2.7 billion in options are expiring, an increase of over 20% compared to last week.

Last week, data indicated that the $90,000 round number and the $3,000 ETH round number both provided strong support, and market sentiment also improved. This week, the bullish trend continued.

However, from the main options data, BTC implied volatility (IV) slightly decreased, skew slightly increased, indicating that the prices of put options have relatively decreased. Meanwhile, the Put Call Ratio remains above 1.0, suggesting that selling puts is currently the main trading force. Additionally, a large amount of sell calls has accumulated at the $100,000 level. Institutional investors’ views this month mainly focus on fluctuations between $90,000 and $100,000, with very strong pressure and support.”