6.1 million BTC options and 490,000 ETH options will expire.

According to Greeks live, on July 26, 61,000 BTC options will expire, with a Put Call Ratio of 0.62, a maximum pain point of $63,500, and a notional value of $4.1 billion. 490,000 ETH options will expire, with a Put Call Ratio of 0.45, a maximum pain point of $3,350, and a notional value of $1.6 billion. This week, the crypto market entered an adjustment, and the listing of the ETH ETF caused the current ETH/BTC exchange rate to fall to the lowest level in several months. The IVs of the main terms have all rebounded significantly, generally more than 10% compared to a week ago. After today's monthly delivery, the news of the weekend Bitcoin conference will also be digested over the weekend, and next week's IV will be under greater downward pressure.