Greeks.live: The crypto market is still weak this week, and it is recommended to buy some monthly put options
PANews reported on May 10 that Greeks.live macro researcher Adam posted on the X platform that 18,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $62,000, and a nominal value of $1.2 billion. 280,000 ETH options are about to expire, with a Put Call Ratio of 0.74, a maximum pain point of $3,050, and a nominal value of $800 million.
This week, the crypto market is relatively weak, with trading volume continuing to fall, and weakness is still continuing. The outflow trend of US BTC ETFs has eased, but from the perspective of block trading and market trading structure, the weakness of the currency price has led to a continuous weakening of market confidence, and the IV of major maturities has continued to decline. The current IV level is slightly below the average water level, with certain support, and there is not much room for further decline.
Based on experience, the market conditions in May were not satisfactory, and it is cost-effective to buy some monthly put options now.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AERO price prediction – Identifying the next short-term target for the altcoin
Swiss Franc remains near 16-month lows as rate hike odds lift US Dollar
Rapid rise in real interest rates, Goldman Sachs warns that 'systematic selling pressure' in US stocks is building at quarter-end
Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."
USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.
On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.
Crypto prices
More
