【May 1st Options Settlement Data】

23k BTC options expire, Put Call Ratio is 1.13, maximum pain point is $76,000, notional value is $1.74 billion.
175k ETH options expire, Put Call Ratio is 0.94, maximum pain point is $2,325, notional value is $400 million.
This week's market fluctuations were relatively small, Bitcoin remained around $78,000 with sideways movement, market sentiment gradually stabilized, short-term RV dropped significantly, and the monthly expiration released nearly a quarter of the position margin. This week, implied volatility of major expiry options showed a noticeable decline.
Bitcoin's main expiry IVs all fell below 40%, ETH's main expiry IVs declined even more, short-term IV dropped below 50%, and medium to long-term IVs also fell below 60%.
From the main options data, skew remained relatively stable, and the market's directional sentiment stayed mildly bearish.
Only 6% of options expired this week, about 25% of positions are held until the end of May, around 30% until the end of June, and block trades are relatively inactive, all indicating consolidation signals.
In April this year, Bitcoin performed significantly better in both price and popularity compared to the first three months, but altcoins showed limited recovery. Currently, the focus is mainly on Bitcoin trading, and waiting is needed for altcoin trading.