Analysis: Monthly option delivery data indicates that institutions have low expectations for the recent surge in Bitcoin

Adam, an analyst at Greeks.live, analyzed on X platform that monthly option delivery data indicates that cryptocurrency institutions have not shown much reaction to Bitcoin's new high, and have low expectations for the recent surge. More expectations are for a steady and moderate rise. Bitcoin has mainly fluctuated this week, while Ethereum has been relatively strong and has been experiencing a two-week rebound. Based on the main delivery data, the market is still optimistic about BTC breaking new highs in the near future. The Put Call Ratio for delivery is declining, and the price above $100000 has been consistently high for the entire first half of the year. Recently, there has been a gradual increase in deep virtual value transactions. The upward impact of ETH has begun to slow down, and the market has recalibrated the price and volatility of ETH, with a slight overall increase, rising by about 3% in the medium and long term, and maintaining a 70% IV in the short term. The delivery volume is less than 8% of the total holdings, and this proportion is continuously decreasing. Cryptocurrency institutions have not shown much reaction to the new high of the big pie, and their expectations for the recent surge are low. More expectations are for a steady and moderate rise. Previously, Deribit data showed that $11.7 billion in Bitcoin and Ethereum options will expire this Friday, with BTC's biggest pain point at $100000.