July 5 Options Data18,000 BTC options are about to expire with a Put Call Ratio of 0.65, a Maxpain point of $61,500 and a notional value of $1 billion.
164,000 ETH options are due to expire with a Put Call Ratio of 0.36, a Maxpain point of $3,350 and a notional value of $470 million.
The crypto market started July with heavy losses, with all major crypto falling to new lows in months. Just after the quarterly delivery, the market saw huge volatility, with major term IVs increasing significantly, a good opportunity for institutional sellers to build positions.
The market atmosphere is more pessimistic, and the IV of put options on BTCÐ has risen significantly, and the term structure shows an inversion of far-low and near-high. ETH ETFs will have clearer news in the near future, and those who want to take the plunge can buy some end-of-the-month calls, which are far more cost-effective than long futures.