The recently received options delivery data is worth noting👇
On March 20, the crypto options market completed this week's delivery:
🔹 BTC: 23,000 contracts due, Put/Call 0.88, maximum pain point $70,000, notional value $1.6 billion
🔹 ETH: 176,000 contracts due, Put/Call 1.04, maximum pain point $2,150, notional value $370 million
The rebound has ended, and BTC briefly fell below $70,000.
The key level for next week's quarterly delivery is at $75,000, which is currently the largest pressure zone. Dense support below: 65K/62K/60K.
Market sentiment has not yet warmed up, and BTC trading activity remains at extremely low levels, with IV maintained at 50% (ETH 70%), and RV decline leading to higher VRP.
Currently, it is still a bear market pattern, and bulls are weak.
BTC
66,471.85
-0.55%
BTCUSDT
Perp
66,441.8
-0.54%