23,000 BTC options are about to expire with a Put Call Ratio of 0.49 and a maximum pain point of $61,000 USD, with a nominal value of $1.4 billion USD. Additionally, 330,000 ETH options are about to expire with a Put Call Ratio of 0.36 and a maximum pain point of $3,000 USD, with a nominal value of $1 billion USD.

Adam, a macro researcher at GreeksLive, stated that the cryptocurrency market continued to decline this week, with BTC breaking through the $60,000 USD integer mark, hitting a new low since March, showing weakness. The Hong Kong ETF listing did not bring much incremental value, and the US stock BTC ETF continued to flow out, weakening market confidence. The IV of major deadlines also continued to decline, and the current IV level is the average water level of the winter bull market, which has some support and good value for buying.

The possibility of continuous sideways movement at the current level is unlikely, and if there is no rebound, it is bound to continue to decline. Whales lack confidence in the future market, and large-scale transactions deserve increased attention.