<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>18,000 Bitcoin options and 140,000 Ethereum options are about to expire today.</li> 
 <li>BTC is trading above $61,000 and ETH is priced above $2,600.</li> 
</ul> 
<p>An official announcement from Greeks.live reveals the August 23 options data.</p> 
<p>18,000 Bitcoin options are set to expire today, with a Put Call Ratio of 0.83, a Maxpain Point of $60,000, and a notional value of $1.12 billion.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://x.com/GreeksLive/status/1826813947431059478/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GVollo9asAAxYli?format=jpg&amp;name=4096x4096" alt="Greeks.live via X" width="2098" height="1137" title="18K Bitcoin Options and 140K Ethereum Options Expire Today 15"></a>
 <figcaption class="wp-caption-text">
  Greeks.live via X
 </figcaption>
</figure> 
<p>Also, 140,000 Ethereum options will expire with a Put Call Ratio of 0.93, a Maxpain Point of $2,625, and a notional value of $370 million.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://x.com/GreeksLive/status/1826813947431059478/photo/2" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GVolmJGW0AAbgv5?format=jpg&amp;name=4096x4096" alt="Greeks.live via X" width="2097" height="1136" title="18K Bitcoin Options and 140K Ethereum Options Expire Today 16"></a>
 <figcaption class="wp-caption-text">
  Greeks.live via X
 </figcaption>
</figure> 
<p>Greeeks.live <a href="https://x.com/GreeksLive/status/1826813947431059478" rel="nofollow" target="_blank">notes</a> that according to the latest options data, positions in weekly options continue to fall. Also, positions represent just under 7% of the total this week.</p> 
<h2 id="a-relatively-calm-market-with-no-iv-elevation">A Relatively Calm Market With No IV Elevation</h2> 
<p>Regarding the important macro events this week, there was no significant IV elevation during the central banks’ meeting.</p> 
<p>According to reports from <a href="https://www.reuters.com/markets/us/feds-harker-is-ready-start-methodical-course-rate-cuts-2024-08-22/" rel="nofollow noopener" target="_blank">Reuters</a>, on August 22, Federal Reserve Bank of Philadelphia President Patrick Harker said that he was on board with a September rate cut, as long as the data performs as expected.</p> 
<p>The week’s macro events and data didn’t trigger significant waves, and the historical volatility (RV) of digital assets continues to decline.</p> 
<p>The crypto market is relatively flat, and according to the same notes, waiting is the best strategy at the moment.</p> 
<p>Options data released today suggests that the market is in a calm cycle, with a solid structure and a gradually decreasing expectation of future volatility in the options market, Greeks.live notes.</p> 
<p>The crypto market expects more important speeches at the central banks’ meeting today that might affect the trajectory of Bitcoin’s price.</p> 
<h2 id="bitcoin-trades-above-61-000-and-ethereum-above-2-600">Bitcoin Trades Above $61,000 and Ethereum Above $2,600</h2> 
<p>Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading above $61,000, up by almost 1% in the past 24 hours.</p> 
<p>BTC’s price is expected to be<a href="https://crypto.ro/en/news/bitcoin-price-above-58k-top-10-events-of-the-week-potentially-affecting-btc/"> potentially affected</a> by today’s Fed Chair Jerome Powell’s speech on the economic outlook at the annual Jackson Hole Economic Symposium. Also, the Bank of England Governor, Tony Blair, is expected to deliver a speech at the event.</p> 
<p>As for Ethereum, the price of the second-largest digital asset by market cap is currently above $2,600, up by over 2% in the past 24 hours.</p>

18K Bitcoin Options and 140K Ethereum Options Expire Today

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