April 10 Options Expiry Data

27,000 BTC options are expiring, with a Put Call Ratio of 0.71, max pain at $69,000, and a nominal value of $1.94 billion. 151,000 ETH options are expiring, with a Put Call Ratio of 0.77, max pain at $2,050, and a nominal value of $330 million. This week’s market was boosted by the ceasefire between the U.S. and Iran, with Bitcoin directly breaking through $72,000, surpassing the recent consolidation zone. Bitcoin options continue to dominate with a market share of over 80%. In terms of expiry dates, the largest open interest is currently in late April and late June, with trading primarily focused on late April contracts. Looking at key options data, Bitcoin’s major expiry IV (implied volatility) has dropped significantly, with most expiries falling to around 40%. ETH’s major expiry IV has also decreased to around 60%. Skew continues to rise, but the increase is relatively small. This year, Bitcoin has performed poorly in both price and popularity. This week’s sustained rebound is one of the few positive trends, but based on indicators like capital flows, the crypto market is still being influenced by other markets. Most of its metrics continue to point to bearish characteristics.