ChainCatcher message, Greeks.Live analyst Adam pointed out that due to the weakness of the US stock market, BTC fell below $91,000 this week, hitting a new low in nearly a month. Market panic sentiment is rising, and the implied volatility (IV) of short-term options has significantly increased, indicating that the market's expectations for future price fluctuations have risen.

Greeks.live advises investors to closely monitor BTC price trends and ETF capital flows. In poor market conditions, buying short-term put options can serve as a hedging strategy, while in improving market conditions, considering laying out monthly call options may be advisable.

Data shows that this round of options expiration involves 19,000 BTC options and 141,000 ETH options, with nominal values of $1.81 billion and $460 million, respectively. The Put Call Ratio for BTC options is 0.65, with the maximum pain point at $97,000; the Put Call Ratio for ETH options is 0.48, with the maximum pain point at $3,450.