Greeks.live: The total value of BTC and ETH options expiring is approximately $2.7 billion, with the maximum pain point for BTC at $92,000.

Odaily Planet Daily reports that Greeks.live macro researcher Adam released a Chinese community briefing stating, "2 million BTC options are expiring, with a Put Call Ratio of 1.39, and the maximum pain point at $92,000, with a notional value of $2.3 billion. 1.2 million ETH options are expiring, with a Put Call Ratio of 1.04, and the maximum pain point at $3,200, with a notional value of $430 million.

This week, BTC continued its upward trend this year, approaching $98,000 at one point, just one step away from the $100,000 round number. However, the pressure of the US dollar remains very evident, with a large amount of call options being sold and accumulated at this level. Nearly $2.7 billion in options are expiring, an increase of over 20% compared to last week.

Last week, data indicated that the $90,000 round number and the $3,000 round number for ETH both have strong support, and market sentiment has improved. This week, the bullish trend indeed continued.

However, from the main options data, BTC implied volatility (IV) slightly decreased, skewness (skew) slightly increased, indicating that the prices of put options have relatively decreased. Meanwhile, the PC Ratio is all above 1.0, suggesting that selling puts is currently the main trading force. At the same time, a huge amount of Sell Calls has accumulated at the $100,000 level. Institutional investors mainly expect a fluctuation between $90,000 and $100,000 this month, with very strong resistance and support."