Greeks.live: $31 Billion Worth of Options Set to Expire Today, Market Sentiment Weaker This Week as Market Continues to Digest the Impact of the "Trump Trade" Over the Past 3 Months

BlockBeats News, February 7th, Greek.live analyst Adam posted on social media today, stating, "26,000 BTC options expire today, Put Call Ratio is 0.58, with a max pain point of $99,500, and a notional value of $25.4 billion. 203,000 ETH options expire today, Put Call Ratio is 0.46, with a max pain point of $2,950, and a notional value of $5.6 billion."

This week, the market has been weak, with ETH's max pain point once again falling below $3,000. The intraday price of the coin dropped to $2,100, hitting a new low since 2024. BTC effectively dropped below the $100,000 mark after the market broke through $95,000 in late November and has been oscillating around this price ever since. The market is still digesting the effects of the "Trump Trade" over the past three months. This week's settlement volume accounts for 10% of the total open interest, with a significant decrease in bullish option trading volume and an increase in the proportion of large bearish trades.

Tonight, the U.S. unemployment rate and non-farm payroll data for January will be released. The macroeconomic events' impact on the U.S. stock market is worth noting, as the overall risk correlation across major speculative markets is currently strong."