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Greeks.live: Bitcoin nears the option trading concentration zone, upward pressure may increase.

1 hours ago

Greeks.live researcher Adam noted in a post that the rapid rally has greatly lifted market sentiment. Beyond gains in major cryptocurrencies like Bitcoin, all sectors have shown clear signs of recovery. However, as the market’s rally pace slows, key investors in the options market have significantly cut their expectations. The implied volatility (IV) of short- and medium-term options has fallen sharply, rising by only 10% compared to two weeks ago; long-term options have also seen a notable decline, with their increase less than 2% over the same period, reflecting investors’ reduced outlook on future volatility. Around 40% of options will expire at the end of this month, with the most concentrated positions at strike prices between $80,000 and $90,000. Additionally, Bitcoin’s price is currently in a dense trading zone, which will pose some resistance to upward breakthroughs.

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