Greeks.live: Option data shows the market entering a wait-and-see mode, still in a bearish trend
March 12th — Greeks.live shared key March 13th option expiration data on social media:
- **Bitcoin (BTC):** 26,000 options expiring; Put/Call Ratio = 0.9; Max Pain = $69,000; Nominal value = $1.8 billion
- **Ethereum (ETH):** 182,000 options expiring; Put/Call Ratio = 1.21; Max Pain = $2,000; Nominal value = $380 million
The crypto market extended its rebound this week, with Bitcoin retaking the $70,000 level but showing weakening momentum. Per options market metrics:
- Implied volatility (IV): Short-to-medium-term IV dropped, while medium-to-long-term IV ticked up slightly
- Key tenor IV: BTC = 50%, ETH = 70% (realized volatility, RV, saw a steeper decline)
Tomorrow, only 6% of total open interest (OI) will expire — the lowest level in recent years — signaling Bitcoin trading activity has hit an extremely low ebb. A bright spot: This week’s Max Pain level stopped declining, rebounding after months of losses.
In trading: Bullish and bearish trades each made up ~25% of
3 minutes ago
Venture Capital Firm General Catalyst Aims to Raise About $10 Billion
March 12 (Bloomberg) — General Catalyst is in talks with investors about a new funding round targeting roughly $10 billion, per people familiar with the matter. The capital would be spread across multiple investment vehicles, including early-stage venture funds and growth funds. Negotiations are still in early stages, and the final fundraising amount could still change.
The firm has backed numerous crypto and blockchain companies in the past. In recent years, it has expanded beyond its traditional VC model into a broader financial platform, ramping up bets on financial services and other sectors. A successful round would significantly boost General Catalyst’s financial firepower, potentially pitting it against a16z as it aims to solidify its position among top U.S. venture capital firms.
3 minutes ago
On-chain ETH Longs Maximum Unrealized Profit Expands to $7M, Total Position Size Reaches $194M
**March 12th**
Per Coinbob Popular Address Monitoring, as Bitcoin (BTC) surged above $70,000, the "ETH Whale" address (0xa5b0) saw its total unrealized profit on long positions expand to $7 million.
The address currently holds ~70,000 ETH (valued at ~$144 million) with an average entry cost of $1,991—making it the largest ETH long position on the Hyperliquid platform.
Additionally, it holds a $49.3 million BTC long position with an average entry price of $68,420. This address is now the top long holder for both BTC and ETH on Hyperliquid.
The ETH long was opened on February 9th and has remained open since February 15th, reflecting a bullish outlook.
Historically, the whale established a multi-billion-dollar ETH long position late last year, which was fully closed in February 2024. It recently re-entered the market, continuing its swing trading style of selling high and buying low with billion-dollar trade volumes. The address has repeatedly received transfers from Matrixp
3 minutes ago
Analysis: Bitcoin Buyer Interest Returning, Break Above $78,000 Needed to Reverse Downtrend
Per a Cointelegraph report, CryptoQuant data shows that as demand for Bitcoin derivatives rebounds, Bitcoin’s net buy volume signals buyers are entering the market. Net buy volume measures the power imbalance between active buyers and sellers in the derivatives market—and this indicator has stayed positive since the U.S.-Iran conflict erupted.
This positive trend aligns with Bitcoin’s recent spike to $74,000, pointing to renewed derivatives market demand. Coinbureau CEO Nic noted: “This means buyers’ volume has outpaced sellers’—buyers are in control of the market.”
TradingView data shows Bitcoin has consolidated in the $62k-$72k range for over four weeks, with multiple failed attempts to break $70k. On a macro level, BTC’s price remains caught between its realized price (the $54,400 average cost of all circulating supply) and its true market price (the $78k cost basis for actively traded coins).
Glassnode noted: “Absent broader macro headwinds, this range could support a bear
3 minutes ago
FATF: Offshore Cryptocurrency Company Regulation Gap Fuels Fraud, Money Laundering, and Terrorist Financing
On March 12, Cointelegraph reported that the Financial Action Task Force (FATF) — the global anti-money laundering watchdog — said regulatory loopholes for offshore crypto firms are enabling fraud, money laundering and terrorist financing.
3 minutes ago
Arthur Hayes: Bitcoin Outperformed Gold and the Nasdaq Since the US-Iran War
On March 12, BitMEX co-founder Arthur Hayes shared in a post that Bitcoin has risen 7% since US-Iran tensions flared on February 28, outperforming gold (down 2%) and the Nasdaq 100 Index (down 0.5%). Amid surging oil and energy prices, Bitcoin has led comparable high-risk assets in performance.
3 minutes ago
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