21,000 BTC options and 350,000 ETH options are about to expire

According to Greekslive, 21,000 BTC options are about to expire, with a Put Call Ratio of 0.88, a maximum pain point of $67,000, and a notional value of $1.4 billion. 350,000 ETH options are about to expire, with a Put Call Ratio of 0.58, a maximum pain point of $3,200, and a notional value of $1.3 billion. Inspired by the progress of ETFs, ETH has seen a 20% increase in a single day, and the IV of short-term options has once reached 150%, which is much higher than the current IV of BTC in the same period. Judging from the structure of block trades and market transactions, ETH's bullish sentiment is still strong, but it is difficult for the IV of each major term to maintain a high level. Calendar spreads would be a better choice. On the other hand, BTC is more balanced in long and short positions, and the power of selling bullish is stronger.