Greeks.Live Analyst: Options worth over 15 billion dollars are set to be delivered today, with the main term IV still remaining high

Data shows that today, 135,000 BTC options will expire with a Put Call Ratio of 0.85 and the biggest pain point at $51,000, representing a nominal value of $9.5 billion. Also expiring are 1.58 million ETH options with a Put Call Ratio of 0.63 and the biggest pain point at $2,600, representing a nominal value of $5.6 billion.

Adam from Greeks.Live posted on social media saying that today is the quarterly settlement exceeding $15 billion; despite facing the largest quarterly delivery in history and high IVs across all major terms due to this week's significant rebound in crypto markets and intense speculation around Bitcoin reaching $70k.

Next month Bitcoin will undergo halving; however this round's BTC trend seems different from previous ones as applying past trends appears ineffective now - how far April's IV can go solely supported by halving expectations remains to be seen.