According to TechFlow, Greeks.live analyst Adam said that 62,000 BTC options are about to expire, the Put Call Ratio is 0.59, the maximum pain point is $61,000, and the nominal value is $3.66 billion.

530,000 ETH options are about to expire, with a Put Call Ratio of 0.49, a maximum pain point of $2,800, and a notional value of $1.34 billion.

Today is the monthly delivery. From the options data, it can be clearly seen that ETH is weak this month. The monthly maximum pain point and the delivery price differ by more than 10%. This month, the medium- and long-term IV has increased, and the medium- and short-term IV has decreased. At present, there is not much room for the overall decline of IV.

Judging from the trading data of previous years, September is generally a slightly dull month, turning from weak to strong. The fourth quarter will be a relatively strong period for BTC. Recently, we have also seen many whales begin to plan for the October market, and we expect that there will be good market conditions in the last four months of this year.