Analysts: Options with a nominal value of US$2.14 billion will expire. Bitcoin has performed significantly better than in the previous three months in terms of price and popularity

According to Greeks.live data, a total of 23,000 BTC options have expired, with a PutCallRatio of 1.13, a maximum pain point of US$76000, and a nominal value of US$1.74 billion. In addition, 175,000 ETH options will also expire, with a PutCallRatio of 0.94, a maximum pain point of US$2325, and a nominal value of US$400 million. Adam, an analyst at Greeks.live, said that this week's market volatility was relatively small, with Bitcoin remaining volatile around US$78000. Market sentiment gradually calmed down. Short-term RV dropped sharply. Combined with monthly delivery, nearly a quarter of the position margin was released. The implied volatility of major term options dropped significantly this week. Bitcoin's main term IV fell below 40%, ETH's main term IV fell even more, short-term IV fell below 50%, and both medium and long term also fell below 60%. Judging from the main option data, Skew is relatively stable, and the market's directional sentiment remains slightly short. Only 6% of options expired this week, about 25% were held at the end of the month, and about 30% were held at the end of June. Bulk transactions were relatively inactive. These are consolidation signals. In April this year, bitcoin performed significantly better than in the previous three months in terms of price and popularity. However, the market for altcoins has only recovered slightly. Now it is mainly Bitcoin, and we still need to wait to make altcoins.