Greeks.live: The crypto market has entered a sideways consolidation period, and the delivery volume of options has significantly decreased.

BlockBeats News, on March 21, Greeks.live analyst Adam posted on social media, “March 21 date delivery data: 22,000 BTC options expiration, Put Call Ratio of 0.84, maximum pain point of $85,000, notional value of $1.83 billion. 133,000 ETH options expire with a Put Call Ratio of 0.62, a maximum pain point of $2,000, and a notional value of $260 million. The market was relatively flat this week, with the total delivery of options falling by nearly half, short-term implied volatility IV dropping significantly, BTC’s short- and medium-term volatility falling below 50% across the board, and ETH’s short- and medium-term volatility also returning to around 60%, with short-term volatility nearly halved. Cryptocurrencies have entered a free-oscillating sideways state, investor sentiment has begun to become sluggish, and the time is close to quarterly delivery. Options market makers re-increase the intensity of selling, tightening IV, which is betting on a short-term sideways future. It is true that there are not many important events in cryptocurrencies recently, the uncertainty is greatly reduced, and market makers should seize the time to recover their profits, and it will be more difficult for buyers to do it in the next two weeks.”