Bitcoin and Ethereum Options Settlements Show High Implied Volatility

The expiration of Bitcoin and Ethereum options has been observed this week. According to the data provided by Greeks.live via ChainCatcher news, a total of 25,000 BTC options expired, representing approximately 6% of all options. This is in contrast to ETH, where 11% of options expired.

The maximum pain point for Bitcoin was $80,000, while for Ethereum it was $2,300. The Put Call Ratio (PCR) for BTC and ETH were 0.59 and 0.4 respectively. This indicates that there are slightly more put options on the market than call options for both cryptocurrencies.

Implied volatility (IV) remains high for both Bitcoin and Ethereum. For BTC, IV is around 35%, while for ETH it is around 50%. This is a reflection of the market's uncertainty about future price movements.