Greeks.live macro researcher Adam released the January 5 option delivery data:22,000 BTC options are about to expire, with a Put Call Ratio of 0.62, the maximum pain point is $43,500, and the nominal value is $960 million.

255,000 ETH options are about to expire, with a Put Call Ratio of 0.54, the maximum pain point is $2,300, and the nominal value is $580 million.

The focus of the cryptocurrency derivatives market is on ETF games. Currently, the market's funding rate and leverage level have improved, and violent fluctuations like those seen this week are unlikely to occur again in the short term.