Greeks.live: Altcoin market shows limited recovery; altcoin trading still needs to wait.

Adam, a macro researcher at Greeks.live, published an article on the X platform stating that 23,000 BTC options expired on May 1st, with a Put-Call Ratio of 1.13, a maximum price threshold of $76,000, and a notional value of $1.74 billion; 175,000 ETH options expired, with a Put-Call Ratio of 0.94, a maximum price threshold of $2,325, and a notional value of $400 million. He pointed out that market volatility was relatively low this week, with Bitcoin fluctuating around $78,000. Market sentiment gradually calmed, and short-term RV (Real Value Reduction) dropped significantly. Coupled with the release of nearly a quarter of margin positions during monthly settlement, implied volatility for major term options decreased significantly this week. Bitcoin's major term IV (Imperial Risk) fell below 40% across the board, while ETH's major term IV dropped even more, with short-term IV falling below 50% and medium- to long-term IV falling below 60%. Looking at the major options data, Skew (Skew) is relatively stable, and market sentiment remains slightly bearish. Only 6% of options expired this week, with approximately 25% open interest at the end of May and about 30% at the end of June. Large-scale trading was relatively inactive, all signs of consolidation. The analyst also noted that Bitcoin performed significantly better in April than in the previous three months in terms of both price and market activity, but altcoins saw limited recovery. Currently, the focus is primarily on Bitcoin; trading altcoins requires waiting.