Greeks.live: The market is overly pessimistic, and there may be a bull market at the end of the year

ChainCatcher news, Greeks.live researcher Adam posted today's options expiration data on social media. 14,000 BTC options are about to expire, with a Put Call Ratio of 0.81, and the maximum pain point at $59,000, with a nominal value of $760 million. 125,000 ETH options are about to expire, with a Put Call Ratio of 0.63, and the maximum pain point at $2,500, with a nominal value of $290 million.

This week, cryptocurrencies have been on a downward trend. The options data clearly shows the overall market weakness, as the recent decline in the maximum pain point has not kept pace with the price drop. The implied volatility for major expirations has increased, and as the U.S. elections approach, the IV spike on October 8 is gradually being smoothed out. Last week, we mentioned that trading data from previous years shows that September is generally a bit dull, but the market seems overly pessimistic. We are more inclined to believe that there will be a bull market by the end of the year.