Wu said that according to Greekslive, 23,000 BTC options are about to expire, with a Put Call Ratio of 0.87, a maximum pain point of $58,000, and a nominal value of $1.34 billion. 127,000 ETH options are about to expire, with a Put Call Ratio of 0.73, a maximum pain point of $2,400, and a nominal value of $298 million. This week, cryptocurrencies as a whole rebounded, while market volatility expectations were declining, and the maximum pain point once again caught up with prices. As expectations for a 25 basis point rate cut by the Federal Reserve next week gradually converged, the IVs of major maturities all declined. September was as weak as expected, especially ETH, which was extremely weak. The exchange rate against BTC has fallen below the long-term support level of 0.04, and the engine of the next bull market still seems to be BTC.