Odaily Planet Daily News Greeks.live researcher Adam posted on the X platform: "107,000 BTC options expired, the Put Call Ratio was 0.5, the maximum pain point was $57,000, and the notional value was $6.6 billion. 1.04 million ETH options expired, the Put Call Ratio was 0.59, the maximum pain point was $3,100, and the notional value was $3.6 billion. Today is the quarterly delivery, with options with a nominal face value of over $10 billion delivered. June was a difficult month for the crypto market. The prices of BTC and ETH once approached the maximum pain point that investors thought was impossible to reach, and the market atmosphere was relatively pessimistic. Despite the large market volatility, the IV of mainstream currencies has not risen significantly. The IV of each major term of BTC is less than 50%, and the IV of each major term of ETH is less than 60%, both at a low level. There will be clearer news about the ETH ETF at the beginning of next month. The IV will be under strong downward pressure in the next few days after the delivery is completed today. Take advantage of the IV Buying some call options at lower levels would be a very cost-effective option.”