Greeks.live: Cryptocurrency options will undergo quarterly settlement tomorrow, and overall sentiment remains bearish.

BTC2,56%

BlockBeats News, March 26 — Greeks.live posted on social media that the Q1 major settlement day is approaching. Tomorrow will mark the largest options settlement of the first quarter this year, with nearly 40% of options expiring.

Core settlement data: BTC Max Pain — currently anchored at $75,000, which seems hopeless given the current situation. Put/Call ratio — remains around 0.6, relatively low, indicating lower trading volume in put options, but overall sentiment remains bearish.

Volatility (IV) warning: IV Crush is imminent. Currently, implied volatility in the front end close to expiration remains strong. However, once tomorrow’s settlement ends, a sharp IV Crush (volatility plummet) is highly likely. Short-term options buyers are at a significant disadvantage now, while sellers have a clear edge.

Whales and block trades: Today, large block trade data on Deribit shows that smart money is aggressively rolling over positions. Many institutions have closed their expiring positions for tomorrow and are heavily building out out-of-the-money call options for June and September.

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