March 13 Options Expiry Data

26,000 BTC options are expiring, with a Put Call Ratio of 0.9, max pain at $69,000, and a nominal value of $1.8 billion. 182,000 ETH options are expiring, with a Put Call Ratio of 1.21, max pain at $2,000, and a nominal value of $380 million. The crypto market continues to rebound this week, with Bitcoin reclaiming the $70,000 mark, though the momentum is weakening. Based on options market data, IV for short- and mid-term options has decreased this week, while IV for long-term options has slightly increased, but the changes are minimal. BTC’s main term IV is at 50%, ETH’s main term IV is at 70%, while RV has dropped more significantly. Tomorrow, only 6% of total open interest options will expire, marking the lowest level in recent years, indicating Bitcoin trading activity has hit an extremely low point. But there’s some good news: this week’s max pain has finally stopped declining, showing a rebound after months of downward movement. In terms of trading, both block trades and order book activity show call and put options each accounting for a quarter of the volume, with no single type of option dominating. From the main options data, Skew has barely moved, and the market is clearly in a wait-and-see mode. The market remains in a bear phase, and the recent AI hype hasn’t brought any improvement.