GreeksLive issued a warning about large option settlements at the end of Q1 2026. Tomorrow's quarterly settlement will cover nearly 40% of the open interest for the entire first quarter of the year. Currently, BTC's "biggest pain point" is anchored at $75,000, but analysis indicates that, combined with the current market quote of around $71,000, this level is unlikely to be reached before settlement. The Put/Call Ratio remains low at around 0.6. Near-term implied volatility remains strong, but a sharp decline in volatility is expected after settlement. Many institutions have closed their positions expiring tomorrow and have heavily bought out-of-the-money (OTM) call options with expiration dates in June and September, indicating that large long-term investors still have a bullish outlook for the second half of the year.

BTC-3.5%

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