Options worth $9.3 billion are about to expire, and BTC’s biggest pain point is $61,000

According to Mars Finance, Adam, a researcher at Greeks.live, published an analysis on the X platform, 96,000 BTC options are about to expire, with a Put Call Ratio of 0.68, a maximum pain point of $61,000, and a nominal value of $6.2 billion. 990,000 ETH options are about to expire, with a Put Call Ratio of 0.51, a maximum pain point of $3,100, and a nominal value of $3.1 billion. This week, the trading volume of the crypto market has dropped significantly, with Bitcoin and Ethereum fluctuating at low levels. The weakness of the market has led to a sharp drop in IVs of major maturities. Since the halving, Dvol has dropped by as much as 15%. The halving has failed to bring volatility, leading to accelerated selling by a large number of option sellers. Recently, ETF funds have been outflowing, and market sentiment is relatively low. Last week, it was mentioned that the whale lack confidence in the future market. At present, this trend has not changed, and BTC has great resistance to returning to its historical high.