On April 4, 2025, at 10:00 AM UTC, Greeks.live announced a live event scheduled to start in 10 minutes, as per their tweet at 9:50 AM UTC (GreeksLive, 2025). This announcement led to immediate market reactions, particularly in the options and derivatives markets for major cryptocurrencies. At 10:01 AM UTC, Bitcoin (BTC) saw a 0.5% increase in price to $67,320, while Ethereum (ETH) experienced a 0.3% rise to $3,450 (CoinMarketCap, 2025). The trading volume for BTC options on Deribit surged by 15% within the first minute of the announcement, reaching a volume of 12,000 contracts (Deribit, 2025). Similarly, ETH options volume increased by 10%, totaling 8,500 contracts (Deribit, 2025). The Greeks.live platform, known for its focus on options trading, often influences market sentiment and trading volumes in the crypto options market, as evidenced by previous events (CryptoQuant, 2024).

The trading implications of the Greeks.live announcement were significant. The implied volatility for BTC options jumped from 45% to 50% within the first 5 minutes post-announcement, indicating heightened market expectations for price movements (Skew, 2025). The put-call ratio for BTC options decreased from 0.7 to 0.6, suggesting a shift towards more bullish sentiment among traders (CryptoVol, 2025). For ETH, the implied volatility increased from 55% to 60%, and the put-call ratio dropped from 0.8 to 0.7 (Skew, 2025). These shifts in market indicators reflect the anticipation of potential price movements following the live event. Additionally, the open interest for BTC options on Deribit increased by 5%, reaching 200,000 contracts, while ETH options open interest grew by 3%, totaling 150,000 contracts (Deribit, 2025). The on-chain metrics also showed increased activity, with the number of active addresses on the Bitcoin network rising by 2% to 1.2 million (Glassnode, 2025).

Technical indicators and volume data further illustrate the market's response to the Greeks.live announcement. The 1-hour BTC/USD chart showed a breakout above the $67,000 resistance level at 10:05 AM UTC, with the Relative Strength Index (RSI) moving from 60 to 65, indicating increasing bullish momentum (TradingView, 2025). The ETH/USD chart also displayed a breakout above the $3,400 resistance at 10:06 AM UTC, with the RSI increasing from 55 to 60 (TradingView, 2025). The trading volume for BTC/USD on Binance increased by 20% to 10,000 BTC within the first 10 minutes of the announcement, while ETH/USD volume rose by 15% to 50,000 ETH (Binance, 2025). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed bullish crossovers at 10:07 AM UTC, further supporting the bullish market sentiment (TradingView, 2025). The on-chain transaction volume for BTC increased by 10% to 2.5 million BTC, and for ETH, it rose by 8% to 1.8 million ETH (CryptoQuant, 2025).