Greeks.live: The implied volatility (IV) of options has fallen to a lower level, making it more cost-effective for buyers

The research institute of Greeks.live posted on platform X, stating that 20,000 BTC options will expire on June 14th with a Put Call Ratio of 0.49, the maximum pain point is $68,500 and the nominal value is $1.35 billion. In addition, 200,000 ETH options will expire with a Put Call Ratio of 0.36; the maximum pain point is $3,600 and the nominal value is $710 million. This week marks a significant macroeconomic period where economic data are generally favorable for risk investment markets; U.S stocks have shown noticeable growth but cryptocurrency market performance has been poor with mainstream coins overall declining and altcoins experiencing even larger drops. The market has been relatively quiet recently due to fewer hot topics in circulation. Currently both major short-term IVs for BTC and ETH are below 50% and 60% respectively which have fallen to lower levels making it more cost-effective for buyers. There should be new updates regarding the approval of ETH ETF at the end of this month so it's advisable to plan ahead for bullish options next month.