On August 23, BTC options with a notional value of $1.12 billion and ETH options with a notional value of $370 million will expire.

According to @BTC__options, on August 23, 18,000 BTC options are about to expire, with a Put Call Ratio of 0.83, a maximum pain point of $60,000, and a notional value of $1.12 billion; 140,000 ETH options are about to expire, with a Put Call Ratio of 0.93, a maximum pain point of $2,625, and a notional value of $370 million. Judging from the options data, the holdings of cyclical options continue to decline, and this week's holdings account for less than 7% of the total holdings. There was no obvious increase in IV at this week's central bank annual meeting, and the market was relatively flat. Options data show that the market is in a highly calm cycle, the term structure is stable, and the options market's expectations for future volatility are gradually decreasing.