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The impact of the BTC spot ETF is basically over, the core of the recent market game is the gray scale selling pressure and the buying of new investors, the market is likely to happen mostly during the trading session of the ETF. after the ETF, compliance regulation is back on the horizon again, and the Coinsecurity hearing needs extra attention from investors. On...

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The short-term impact of the ETF's passage is largely over. BTC's volatility level dropped to a new low in the past month, with both major terms RV and IV showing significant declines, and short-term IV plummeting to below 45%. Judging from the current options market data, institutions expect a narrow range before Feb, and the market brought by the ETF needs time...

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Whether or not U.S. stock ETF trading will continue to drive cryptocurrency prices lower today is the main game in town. Looking at today's block trades, $120 million, or 16%, was traded in large put options, which is significantly higher than on a normal day. Individual block trades of $5 million or more were dominated by selling short-term put options, while...

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The BTC spot ETF successfully passed on schedule last week and started trading, the market game was very intense, and finally ended with a big crash over the weekend. The US stock market is closed on Monday, and the ETF will resume trading on Tuesday evening, when the market activity will still be very high and investors need to pay extra attention. On the macro...

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36,000 BTC options are about to expire with a Put Call Ratio of 0.9, a Maxpain point of $45,000 and a notional value of $1.68 billion. 262,000 ETH options are due to expire with a Put Call Ratio of 0.64, a Maxpain point of $2,400 and a notional value of $680 million. The Bitcoin Spot ETF passed this week as expected, with repeated fake news and breaking news...

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Today was the day the ETF was expected to pass, and Bitcoin instead fell below $45,000 to new lows in recent days. The sharp volatility continues to pull the RV up and the short-term IV has seen a small rally, as we have mentioned several times recently in our data analysis that the bulls are very fragile at the moment. In today's two back-to-back declines, there...

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The SEC's fake news farce caused significant volatility of BTC, and the drama was even more bizarre than expected. The sharp volatility drove the RV up significantly, but the IV fell slightly instead. The logic of the data here is different from the usual, because the ETF has been traded for more than a month, and a large number of investors betting on it, so that...

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More and more information suggests that ETF is imminent, and sure enough Fomo sentiment was heavier during US trading hours, with Bitcoin hitting a new high of $47,000. But the options market is giving mixed signals, firstly short-term IVs have fallen sharply today, with the current ATM option IV for the 11Jun falling below 90%, down 30% in a few hours, with other...

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The results of the Bitcoin Spot ETF review are about to be finalized, and the market is now widely expected to pass with flying colors. Fueled by the ever-present positive news, BTC is currently back to short-term highs of $45,000. The current ATM option IV expiring on the 12th has been as high as 110%, and the ATM option IV expiring on the 11th is even higher...

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BTC spot ETF approval is likely to announce the results on Wednesday this week, the market game is very intense, ETF this major event has shaped the crypto market for nearly a month, the market activity is very high, traders must not miss this week's trading opportunities. On the macro side, this week there are important data on the U.S. CPI, and the market is now...

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Weekly delivery ended smoothly and multiple sources are now suggesting that the SEC will not complete its ETF review this week, which is actually in line with the prevailing speculation from a couple weeks ago. The fallout from the review has caused major short-term options IV to fall, with options IV for the 12Jan currently down below 75%, and the block trading...

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22,000 BTC options are about to expire with a Put Call Ratio of 0.62, a Maxpain point of $43,500 and a notional value of $960 million. 255,000 ETH options are about to expire with a Put Call Ratio of 0.54, a Maxpain point of $2,300 and a notional value of $580 million. The market suffered a massive sell-off this week when the spot ETF failed to pass as expected,...

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The likelihood of the ETF's passage became less and less likely, and the market saw a stalemate. Weakness in crypto mining stocks, and the sell-off in several crypto-related U.S. stocks, also reinforced the market's skepticism. ATM option IV plummeted to 52% for the week and below 65% for the January 12 expiration, and overall has fallen back to last-year-end...

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Continuing to be fueled by ETF insider news, BTC pulled up to $45,000, hitting a nearly one-year high. As a result of this, short-term options IV rose sharply, and now flat options IV has exceeded 70% on January 12, and flat options IV grew to 65% this week. Meanwhile, block trading, which has been dormant for days, is hot again, with nearly $300 million in...

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There is news in the market that the SEC will pass the Bitcoin Spot ETF application as early as next Tuesday, but there was little volatility across the major term IVs and the price. Looking at the options data, Jan12 options IV, which is strongly correlated to the ETF, fell rather than rose, and the block was almost untraded, accounting for only 2% of the day's...

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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,...