61,000 BTC options and 490,000 ETH options expire today with a total notional value of $5.70 billion

According to today's option delivery data released by Adam@Greeks.live, 61,000 BTC options expired with a Put Call Ratio of 0.62 and a maximum pain point of $63,500, with a nominal value of $4.10 billion. 490,000 ETH options expired with a Put Call Ratio of 0.45 and a maximum pain point of $3,350, with a nominal value of $1.60 billion.
According to its analysis, the crypto market entered a correction period this week. The listing of ETH ETF triggered a sharp decline in ETH, and the ETH/BTC exchange rate fell to the lowest level in several months. Implied volatility (IV) for the main term rebounded significantly, especially the short-term IV rebounded by more than 10%. With the end of the monthly delivery, the news of this weekend's Bitcoin conference will be digested, and implied volatility next week may face greater downward pressure.