June 19th Delivery Data for Rights 31000 BTC options have expired, with a Put Call Ratio of 0.78, a maximum pain point of $65000, and a nominal value of $1.9 billion. 138000 ETH options have expired, with a Put Call Ratio of 1.03, a maximum pain point of $1725, and a nominal value of $230 million. Although Bitcoin rebounded to 67K at one point this week, it was clearly lacking in energy, making it difficult for institutional selling markets for micro strategies and ETFs to sustain. It fell below 63K before delivery this week, and BTC and ETH both operated below the "biggest pain point", oscillating around the biggest pain point. From the main option data, 6.5% of options expired this week, lower than last week and basically at the recent average level. Next week is the quarterly delivery, and about 15% of the positions will expire. With the stability of prices, GEX is distributed between 60K and 63K, most of which will expire this week and next week. The released margin at that time will significantly impact IV. Skew is relatively stable and still in a negative bias, and the market is still guarding against a decline. The two big sticks of micro strategy coin selling and discount greatly undermine market confidence, making it more difficult for funds to flow back, and overall market sentiment tends to be cold.