The expiration on March 13th signifies only about 6% of total open interest in the market, reflecting a low trading activity for BTC. The implied volatility for BTC is around 50% and for ETH it is 70%, indicating a cautious sentiment from traders.
Despite the upcoming expirations, Bitcoin trading remains subdued. The current put-call ratios confirm a balanced position, indicating that the options market watchers are adopting a wait-and-see approach, reflecting uncertainty in market movements.
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