BlockBeats news, on March 28th, Greeks.live analyst Adam posted on social media, stating that "March 28th option delivery data: 139000 BTC options expire, Put Call Ratio is 0.49, maximum pain point is $85000, nominal value is $12.1 billion. 301000 ETH options have expired, with a Put Call Ratio of 0.39, a maximum pain point of $2400, and a nominal value of $2.13 billion.
This week is the quarterly delivery, and the overall market situation in the first quarter did not meet most people's expectations, with significant fluctuations during the period, ultimately closing at a lower price within the range. The delivery volume accounts for more than 40% of the total holdings, with BTC options accounting for nearly 80% of the total delivery volume, ETH options accounting for nearly 20% of the total delivery volume, and Sol, the largest among other currencies, accounting for only 2%. Despite many doubts about ETH, the market pattern of holdings is still maintained.
The implied volatility IV has slightly decreased, with BTC's main term volatility falling below 50% and ETH's main term volatility remaining around 60% overall. Cryptocurrencies currently lack new capital and narrative, and investor sentiment is becoming sluggish. There is still no sign of a reversal in the short term after quarterly delivery, and there are more large-scale double selling operations. Option market makers are increasing their selling intensity again, and there is still room for short-term IV to decline, making it more difficult for buyers to do so in the future
The current price of ETH is $1923.12, with a drop of 5.17% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 60.25 million US dollars, with multiple orders being the main liquidation and 22.23 million US dollars (36.90%) of ETH liquidation. The data is for reference only.
According to Foresight News, Li Bin, Deputy Director of the State Administration of Foreign Exchange of China, stated at the "Finding Monetary and Financial Stability in an Unstable World" sub forum of the Boao Forum for Asia that "the State Administration of Foreign Exchange is currently paying attention to the impact of cryptocurrencies on capital flows and will improve its ability to identify and monitor this issue. This is a very important topic, and we will conduct in-depth research in the future to continuously promote better work in this area
