Analyst: The nominal value of $2.14 billion options will expire, with Bitcoin outperforming in both price and popularity compared to the previous three months.

Crypto Mars News: According to Greeks.live data, a total of 23k BTC options are expiring, with a Put Call Ratio of 1.13, the maximum pain point at $76,000, and a notional value of $1.74 billion. Additionally, 175k ETH options will also expire, with a Put Call Ratio of 0.94, a maximum pain point at $2,325, and a notional value of $400 million. Greeks.live analyst Adam stated that this week’s market volatility was relatively low, with Bitcoin hovering around $78,000, and market sentiment gradually calming down. Short-term implied volatility (RV) has significantly decreased, compounded by monthly expiration releasing nearly a quarter of margin positions. The implied volatility of major options expiries this week has shown a noticeable decline. Bitcoin’s main expiry implied volatility (IV) has fallen below 40% across the board, while ETH’s main expiry IV has dropped even more, with short-term IV falling below 50%, and medium to long-term IV also dropping below 60%. From the main options data, skew remains relatively stable, and the market’s directional sentiment remains mildly bearish. Only 6% of options are expiring this week, about 25% of positions are held at the end of the month, around 30% at the end of June, and large trades are relatively inactive, all signaling consolidation. In April, Bitcoin performed notably better in both price and popularity than in the previous three months, but altcoins showed limited signs of recovery. Currently, the focus is mainly on Bitcoin trading, with altcoin trading still waiting for better opportunities.