$BTC $ETH The next step is option data analysis.

ETFs maintained net outflows yesterday, a slight increase from the previous day

BTC IV continues to decline, RV remains high, ETH IV declines, RV remains high, volatility surfaces both decline, the overall bullish end of options accounts for 52.1%, BTC ETH OI declines slowly, ETH OI declines more than BTC

There were fewer transactions on the bulk side today. What is worth noting today is that (21,000 BTC options expired, the Put Call Ratio was 0.62, the biggest pain point was US$69,000, and the nominal value was US$1.5 billion. 230,000 ETH options expired, and the Put Call Ratio was 0.49 , the biggest pain point is US$3,425, with a nominal value of US$800 million.

The level of volatility in the crypto market has increased significantly this week. The competition for US$70,000 and US$3,500 is very fierce. However, the IV of each major term has dropped significantly. Selling and calling has been the most important transaction this month. The halving expectation seems to have been overdrafted. )