September 29th, the data for the current cycle options showed that 118,000 BTC options are about to expire, with a put-to-call ratio of 0.58 and a maximum pain point of $26,500, with a nominal value of $3.2 billion. Additionally, 1.11 million ETH options are about to expire, with a put-to-call ratio of 0.46 and a maximum pain point of $1,650, with a nominal value of $1.8 billion.

Greeks.live stated that this is a quarterly settlement, which is consistent with previous years. The third quarter is usually the least active period, and compared with weekly settlements, the share of put options is significantly lower. In recent times, liquidity has continued to deteriorate, and large position transfers have been the main trading driving factor this week. As delivery approaches, IV continues to trend downward.