Greeks Live: Over $2.5 billion in Bitcoin and Ethereum options expire, implied volatility rises significantly.

PANews reported on February 6 that Greeks Live stated that approximately 33,000 BTC options expired on February 6, with a Put/Call Ratio of 0.54, a maximum price threshold of $80,000, and a notional value of approximately $2.1 billion; 219,000 ETH options expired, with a Put/Call Ratio of 0.91, a maximum price threshold of $2,400, and a notional value of $420 million.

Greeks Live reports that 10% of total open interest in options, totaling nearly $2.6 billion, expires today. The sharp downward trend in Bitcoin and Ethereum prices continues, with put options dominating the market. The VIX (fear index) briefly fell to 5%, indicating renewed panic in the crypto market. Key options data shows a significant increase in implied volatility for both BTC and ETH. BTC's primary term IV (implied volatility) exceeds 60%, and several short-term at-the-money IVs exceed 110%. ETH's primary term IV is at 80%, and several short-term at-the-money IVs exceed 120%, all at their highest levels in over a year.