Bitcoin and Ethereum options with a notional value of $9.87 billion will expire and settle on April 24.

BlockBeats News, April 24 — Greeks.live posted on social media that, "April 24 expiration data: 109k BTC options are expiring, with a Put Call Ratio of 0.93, the maximum pain point at $72,000, with a notional value of $8.55 billion. 563k ETH options are expiring, with a Put Call Ratio of 0.72, the maximum pain point at $2,200, with a notional value of $1.32 billion.

This week’s market continued to rebound, with Bitcoin strongly breaking through $78,000. The Web3 conference in Hong Kong was also filled with bullish sentiment, and the altcoin market is warming up again. This is a monthly expiration, with 25% of options set to expire. Regarding position durations, the distribution of open interest in the options market shows 12% expiring at the end of May and 24% at the end of June.

Looking at key options data, Bitcoin’s implied volatility (IV) for major maturities continues to decline this month, with most maturities’ IV dropping by 1% to 2%, falling below 40%. ETH’s IV for major maturities has decreased even more, currently around 60%. Despite the price increase, skew has pulled back slightly, indicating the market is not experiencing FOMO. In Q2 this year, Bitcoin performed significantly better in both price and popularity compared to Q1. The ongoing rebound this month reflects capital inflows. If macroeconomic pressures bottom out mid-year, Bitcoin’s bottom will also be confirmed."