According to Odaily, Greeks.live researcher Adam shared on social media that a significant number of BTC and ETH options are set to expire on August 16. Specifically, 24,000 BTC options with a Put Call Ratio of 0.83 and a maximum pain point of $59,500, amounting to a nominal value of $1.4 billion, are approaching expiration. Additionally, 184,000 ETH options with a Put Call Ratio of 0.80 and a maximum pain point of $2,650, totaling a nominal value of $470 million, are also nearing their expiration date.

These expiring options represent approximately 10% of the total open interest. Currently, the open interest for August, September, and December is relatively close, each accounting for a little over 20%. The data indicates that the distribution of option maturities is fairly even, and the term structure remains stable. Recent trends in the options market suggest a decreasing expectation of future volatility, indicating that the market is likely to enter a period of stability.