News

BlockBeats News, April 17th, Greek.live posted on social media, saying, "April 17th Options Expiration Data: 22,000 BTC options expire, Put Call Ratio is 1.05, Max Pain at $72,000, notional value of $16.5 billion. 100,000 ETH options expire, Put Call Ratio is 0.95, Max Pain at $2,250, notional value of $4.6 billion." The market continued its rebound this week, with Bitcoin oscillating around $75,000, indicating a market recovery and some concepts showing significant gains. The Bitcoin options market share has slightly decreased, while the altcoin market is heating up. In terms of open interest maturity, 70% of open positions in the options market are concentrated between April 24th and June 26th, especially around the end of May and April. Looking at the main options data, Bitcoin's main term IV has dropped significantly this month, with IV for most terms falling to around 40%, and ETH's main term IV has also decreased to around 60%. Short-term IV remained stable this week while medium to long-term IV continued to decline. Skew continues to rise, the bearish sentiment is weakening, and opportunities are emerging in the market. However, Bitcoin has still underperformed this year in both price and hype. Although this month's ongoing rebound market has some structural opportunities, crypto is still showing bear market characteristics based on indicators such as fund flows."

Glonghui, April 17 — Oppenheimer has lowered IBM’s target price from $380 to $320 while maintaining an “Outperform” rating. (Glonghui)

BlockBeats News, April 17 — According to CryptoQuant data, the Bitcoin Comprehensive Market Index (BCMI), which is composed of MVRV, NUPL, SOPR, and the Fear & Greed Index, is currently testing a historically critical pivot area. Analyst Woominkyu (@Woo_Minkyu) stated that the BCMI index has fallen to the 0.2 to 0.3 range. Although an immediate "V-shaped" reversal is not guaranteed, historically this region has corresponded to severely undervalued BTC levels. Based on data analysis, BCMI confirms that the current correction has reset realized value and market sentiment to levels not seen since early 2023. However, the 90-day moving average (white line) is still trending downward. From a conservative standpoint, it is necessary to wait for this slope to flatten, which will signal that selling pressure has finally been exhausted. In addition, analyst Woominkyu believes that the market is entering a "value accumulation zone", and compared to the long-term upside potential, the downside risk is narrowing. However, it is still necessary to wait for prices to stabilize before confirming a bottom signal on the index.