According to TechFlow, Greeks.live analyst Adam said that 18,000 BTC options are about to expire, the Put Call Ratio is 0.65, the maximum pain point is $61,500, and the nominal value is $1 billion.

164,000 ETH options are about to expire, with a Put Call Ratio of 0.36, a maximum pain point of $3,350, and a notional value of $470 million.

All major cryptocurrencies have fallen to multi-month lows. The market has seen huge fluctuations just after the quarterly delivery was completed. The IV of major maturities has increased significantly, which is a good opportunity for institutional sellers to build positions.

The market atmosphere is relatively pessimistic. The IV of put options of mainstream currencies has increased significantly, and the term structure shows an inverted phenomenon of far low and near high. There will be clearer news about ETH ETF in the near future. Users who want to buy the bottom can buy some month-end call options, which have a much better cost-effectiveness than long futures.