21,000 BTC Options and 173,000 ETH Options expire

Wu learned that according to Greekslive, there are 21,000 BTC Options expiring with a Put Call Ratio of 0.87, a maximum pain point of $101,000, and a nominal value of $2.04 billion. There are 173,000 ETH Options expiring with a Put Call Ratio of 0.5, a maximum pain point of $3,750, and a nominal value of $590 million. Based on past experiences in the Bull Market, a significant pullback in BTC will likely usher in an altcoin season, but the intensity of the pullback in BTC is still uncertain. ETF funds have started to flow out noticeably, and market makers are continuously adjusting their positions. Recently, a large proportion of bulk call options transactions have accounted for over 30% of the daily average. Over 40% of options will expire at the end of the year, and the release of a large amount of margin will likely drive implied volatility down.