Wu said that, according to GreekLive, the notional value of BTC options expiring today reaches $2.3 billion, with a put-call ratio of 1.69, and the maximum pain point at $69,000. The options market shows that selling call options has become the mainstream trading activity in the past two days, and the upward momentum has slowed. Options expiring tomorrow account for 7% of the total open interest, the lowest level in recent times, while Bitcoin's open interest share has reached a recent peak. Currently, the implied volatility (IV) for BTC major maturities has risen to 55%, and ETH to 75%. The comprehensive rebound in skew indicates a clear improvement in market sentiment, but the market is still in a bear phase, and the bottom has not yet been fully confirmed.

BTC-3.57%
ETH-5.07%
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