[April 5th option delivery data]

18,000 BTC options expired, Put Call Ratio was 0.64, the maximum pain point was $68,000, and the notional value was $1.2 billion.

270,000 ETH options expired, Put Call Ratio was 0.38, the maximum pain point was $3,400, and the notional value was $890 million.

Today is the first weekly delivery after the quarterly delivery. The crypto market was relatively weak this week. The $70,000 game ended with the shorts winning. Selling bullish was the main transaction this week, and the IV of each major term showed a significant decline.

Bitcoin is about to usher in halving, which has certain emotional support. Other currencies have fallen into a short-term bear market. The recent slowdown in ETF inflows has led to a market digestion of the premium brought by ETFs.