Greeks.live: Over $15 billion in BTC and ETH options are set to expire today, with implied volatility remaining high across major maturities

ChainCatcher message, Greeks.live macro researcher Adam posted the March 29th options expiration data on the X platform:

135,000 BTC options expired, Put Call Ratio of 0.85, maximum pain point at $51,000, notional value of $9.5 billion.

1.58 million ETH options expired, Put Call Ratio of 0.63, maximum pain point at $2,600, notional value of $5.6 billion.

Today marks a quarterly expiration exceeding $15 billion, with a significant rebound in the crypto market this week. The battle around $70,000 is intense, despite facing the largest quarterly expiration in history, the implied volatility for all major expirations remains high.

Next month, Bitcoin will experience a halving, and the price trend of BTC during this halving is different from previous ones; the market's attempts to apply past trends seem to have failed.