BTC and ETH options with notional value of $9.3 billion are about to expire

Golden Finance reported that data showed that 96,000 BTC options are about to expire, with a Put Call Ratio of 0.68, a maximum pain point of $61,000, and a nominal value of $6.2 billion. 990,000 ETH options are about to expire, with a Put Call Ratio of 0.51, a maximum pain point of $3,100, and a nominal value of $3.1 billion. Greeks.live said that the trading volume in the crypto market has dropped significantly this week, and Bitcoin and Ethereum have fluctuated at low levels. The weakness of the market has led to a sharp decline in IV of major maturities. Since the halving, Dvol has dropped by as much as 15%. The halving has failed to bring volatility, resulting in accelerated selling by a large number of option sellers. ETF funds have recently outflowed, and market sentiment is relatively depressed. Last week, it was mentioned that the whales lack confidence in the market outlook. At present, this trend has not changed, and BTC faces great resistance to return to its historical highs.