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178,000 BTC options are about to expire with a Put Call Ratio of 0.67, a max pain point of $33,000 and a notional value of $7.59 billion. 1.49 million ETH options are about to expire with a Put Call Ratio of 0.51, a max pain of $1,900 and a notional value of $3.47 billion. Today is the big annual delivery day, with a total of $11 billion in options expiring, up...

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Bitcoin led a pullback, with all major term IVs still rising. Tomorrow is the annual delivery date, which is generally not too volatile, while around the delivery date there is generally a decline in medium term IVs. As we can see from the block trading data, call option shifts dominated the absolute block of today's trading and market makers will tend to close...

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The long-dormant #ETH led a new rally, breaking above $2,400 to a new high for the year, driving all major term IVs back to yearly highs, and DVOL back to 70%, also a new high since April. Looking at options data, Skew remains at recent levels and has not followed the rally, with institutional traders yet to enter the Fomo. As mentioned several times recently,...

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The Bitcoin Volatility Index Dvol is back above 60% after a month as the Christmas holiday ends and annual delivery gets closer. While the major term IV rallied today, the corresponding term RV fell instead, causing the current volatility risk premium(VRP) to rise to its highest level since April. Option premiums are rising as the expected arrival of ETFs draws closer.

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The Christmas overlaid with the annual shift effect caused significant IV declines across all major terms, especially for short-term options expiring on the last few trading days of the year. Bitcoin has risen nearly threefold throughout the year, but not once has IV crossed 70%. This is the first time since the inception of the crypto options market and will...

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🌍 This Week's Market Outlook (12/25-12/31): 📌 This week the major trading markets are on Christmas vacation and market activity will be down even though the cryptocurrency market is a 365*24 non-rest market. There are hardly any macro events this week and no major cryptocurrency-related events, except for the steadily updating U.S. unemployment figures. Coin's...

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Motivated by ETH's breakout above $2,300, the whale is sweeping up ETH calls in large quantities, with two block trades at the $3,000 strike price totaling $34 million in notional value traded in the last hour. 1) 5,000 ETH-29MAR24-3000-C 2) 10,000 ETH-26JAN24-3000-C Going into the Christmas holiday, European and American traders are generally less involved in...

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25,000 BTC options are about to expire with a Put Call Ratio of 0.70, a Maxpain point of $42,000 and a notional value of $1.11 billion. 217,000 ETH options are about to expire with a Put Call Ratio of 0.60, a Maxpain point of $2,200 and a notional value of $490 million. With crypto at higher levels this week, the BRC market continues, money lending rates continue...

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While BTC continues to hover at a high of $44,000, the options market is showing mixed signals. Both the BTC and ETH block trades were dominated by put buying and more than half of the block trades, $13 million and $88 million respectively, totaling $100 million. And with the largest trades being deeper OTM options of P1,600 and P37,000 at the end of January,...

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Bitcoin is back to the $44,000, driving block trades of over $100 million in call options in the last hour, and the BTC market, which had been relatively quiet today, is once again in a bullish mood, with rallies in all major term IVs. In contrast, ETH saw a divergence in trend, having had a block trade buying over $100 million of puts earlier in the day. Even...

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🌍 Timeline of this week's big important events (12/18-12/24): 📌 As we head into the Christmas holiday this week, all major asset classes will enter a period of minimal liquidity and trading volume, during which there will be only routine data and a handful of Fed official speeches, and cryptocurrencies will enter a period of holiday calm in tandem. Crypto's...

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🌾Dec. 15 Options Data 37,000 BTC options are about to expire with a Put Call Ratio of 1.02, a Maxpain point of $42,000 and a notional value of $1.58 billion. 268,000 ETH options are due to expire with a Put Call Ratio of 0.66, a Maxpain point of $2,250 and a notional value of $610 million. Crypto encountered a pullback this week, especially BTC falling to $40,000...

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BTC and ETH saw a significant rally today. BTC options was absolutely dominant, accounting for 50% of all options volume. The percentage of block trades actively buying DEC29 calls was also 50%. With the current Dec29 expiration option IV significantly below average, and the giant whale choosing to long the end of the year in the bull market.

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The Fed is about to announce this interest rate decision, and the current market consensus is that it will be no rate hike, but the content of Powell's speech is still worth watching. Daily IV rose slightly today, but apparently some traders have run to sell, compared to the usual has no premium now. After this interest rate decision, the macro market will enter a...

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CPI data was in line, with little reaction from major speculative markets and no significant volatility in the crypto market. The market expects this Thursday's Fed resolution to remain a no-hike, with the fall being the last rate hike likely to become a reality. From the current data, the IV on Thursday compared to the usual almost did not rise, institutions also...

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The bull market has been a clearly spot-driven bull market, with all major derivatives data relatively flat, futures premiums holding around 10%, and options IVs not showing significant gains. We have to put this rally and the news of the impending passage of the ETF in perspective; this spot bull market is very healthy, the downside is limited, and the bull...

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Going into the delivery month, Dec options account for half of the total positions. According to the experience of previous years, two weeks before the big annual delivery, market makers will start to make annual shifts. With the current high IV for options after January next year and the high probability that annual delivery will pull down IV, now is a good time...

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🌍 Timeline of this week's big important events (12/4-12/10): 📌 This week's macro has US unemployment data, all major asset classes are currently adjusting their pricing for the impending end of the rate hike cycle, and cryptocurrencies continue to see inflows. With fewer crypto events of late, mainly money driven, it is more critical to keep an eye on the inflows...