Odaily Planet Daily News Greeks.live Macro Researcher Adam released the September 13th option delivery data on X: 23,000 BTC options are about to expire, the Put Call Ratio is 0.87, the maximum pain point is $58,000, and the nominal value is $1.34 billion. 127,000 ETH options are about to expire, the Put Call Ratio is 0.73, the maximum pain point is $2,400, and the nominal value is $298 million. This week, the overall cryptocurrency rebounded, while the market's volatility expectations are declining, and the maximum pain point has once again caught up with the price. As the Fed's expectations of a 25 basis point rate cut next week gradually converge, the IV of the main terms have all declined. September was as weak as expected, especially ETH was extremely weak, and the exchange rate against BTC has fallen below the long-term support level of 0.04. The engine of the next bull market still looks to be BTC.