Greeks.live: Recently, the Market Has Focused on Tokenized US Stocks, Diverting Attention from the Crypto Market

Odaily Planet Daily News: Greeks.live macro researcher Adam posted on the X platform, stating that July 4 options expiry data shows:
28,000 BTC options expired, with a Put Call Ratio of 1.07, a max pain point at $106,000, and a notional value of $3 billion.
237,000 ETH options expired, with a Put Call Ratio of 1.25, a max pain point at $2,500, and a notional value of $600 million.
Today is the first expiry day after the quarterly settlement, and the market remains relatively stable. Recently, the spotlight has been on the tokenization of US stocks, which has undoubtedly diverted attention from the crypto market. Although BTC has once again pushed for new highs, overall market sentiment has not been significantly boosted. Looking at the main options data, in terms of implied volatility, BTC's IV remains at a low level, with short- and medium-term IVs all below 35%. ETH's IV has slightly declined, falling below 60%, so there is still room for cross-asset volatility strategies.