According to Wu Blockchain and GreekLive, the BTC options expiring today have a notional value of $2.3 billion, with a put-to-call ratio of 1.69 and a max pain point at $69,000. The options market shows that selling call options has been the main trading trend over the past two days, and the upward momentum has slowed down. Options expiring tomorrow account for 7% of total open interest, the lowest level in recent times, while Bitcoin's share of open interest has reached a recent peak. Currently, BTC's main term IV has risen to 55%, and ETH's has climbed to 75%. The full rebound in skew indicates a significant improvement in market sentiment, but the market is still in a bearish phase, and the bottom has not been fully confirmed yet. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57648