Greeks.live: The crypto market currently lacks new funds and new narratives. After the quarterly Delivery, there are still no signs of a reversal in the short term.

Odaily News Greeks.live analyst Adam stated, “March 28 options delivery data: 139,000 BTC options expire, Put Call Ratio is 0.49, maximum pain point is $85,000, notional value is $12.1 billion. 301,000 ETH options expire, Put Call Ratio is 0.39, maximum pain point is $2,400, notional value is $2.13 billion.” This week is a quarterly delivery, and the market in the first quarter as a whole is less than most people expected, and the fluctuations during the period are relatively large, and finally closed at a lower price position in the range. The delivery volume accounts for more than 4% of the total delivery, of which the delivery volume of BTC options accounts for nearly 8% of the total delivery, the delivery volume of ETH options accounts for nearly 2% of the total delivery, and the largest SOL in other currencies is only 2%. Implied volatility IV decreased slightly, with BTC’s major term volatility falling below 50% across the board, and ETH’s major term volatility remaining around 60% overall. Currently, cryptocurrencies lack new funds and new narratives, investor sentiment is starting to become sluggish, and after the quarterly Delivery, there are still no signs of reversal in the short term, with more and more big players engaging in double selling. Options market-making institutions have raised the intensity of selling again, and short-term IV still has room to decrease, making it relatively difficult for buyers to operate next.