Blockchain Report on Nostr: Macro researcher Adam from Greeks noted on the X platform that on April 3rd, 28,000 ...

Macro researcher Adam from Greeks noted on the X platform that on April 3rd, 28,000 BTC options expired with a Put/Call Ratio of 0.54 and a maximum pain point of $68,000, representing a notional value of approximately $1.8 billion. Additionally, 156,000 ETH options expired with a Put/Call Ratio of 0.73 and a maximum pain point of $2,075, totaling a notional value of about $320 million. Adam observed that recent market sentiment has been weak, with a quick pullback to around $66,000 after rebounds, indicating low market heat. This is further compounded by multiple DeFi project risk events, exhibiting bearish characteristics. The first week of the second quarter continues this weak trend, suggesting that market confidence repair will require more time and capital support.

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