ForthTech

🎊August 4 Options Data 📷18k BTC options are about to expire with a Put Call Ratio of 0.38, a max pain point of $29,500 and a notional value of $530 million. 📷217k ETH options are about to expire with a Put Call Ratio of 0.69, a max pain point of $1,850 and a notional value of $400 million. Low volatility has held up for 6 weeks, with major term implied volatility in a nearly unilateral downtrend since March, which has kept Expiration Prices close to the maxpain point for an extended period of time. This week the whales began a rare and massive position move, which has taken up more than half of the market's trading volume in the current depressed market environment. With weekly option IV still only at 25% and the bear market still not signaling an end, the whales are starting to cautiously go long Gamma, but are still predominantly short Vega.