21,000 BTC options and 164,000 ETH options expire

According to Greekslive, 21,000 BTC options are expiring, with a Put Call Ratio of 0.83, a maximum pain point of $98,000, and a notional value of $2.1 billion. 164,000 ETH options are expiring, with a Put Call Ratio of 0.68, a maximum pain point of $3,700, and a notional value of $640 million. This week's market performance is mainly characterized by adjustments, which is different from last week, as the adjustment range of BTC is smaller, while the adjustment range of Altcoins is stronger. Recently, the proportion of large-volume call options trading has been relatively high, accounting for more than 30% of the daily trading volume. The option market data of the past two weeks has consistently shown that market makers are relatively cautious, and the sharp fluctuations in the market have led to a slight increase in the main term IV.