Greeks.live researcher: The active bearish power has decreased this week, and most traders are mainly selling and calling.

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Cointime2024/01/26 07:01

By:Cointime

Adam, a macro researcher at Greeks.live, pointed out on the X platform that cryptocurrencies were relatively weak this week. The approval of the Bitcoin spot ETF directly caused Grayscale's selling pressure to crush the market. However, the impact of Grayscale's selling pressure is becoming weaker and weaker, and the volatility continues to decrease. The main term IV continues to decline, and some expiration IVs have fallen below 40%. At the same time, the PCR has dropped significantly this week, indicating that the bearish force has decreased, and most traders are selling bullish positions, with very few actively buying.

Today, more than 30% of options will expire and be settled, and the released margin may once again push down IV. The Bitcoin option term structure will return.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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