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Bitcoin and Ethereum Options Worth $2.14 Billion Set to Expire on May 1
Data from the May 1 options expiration shows: 23,000 BTC options are set to expire, with a Put Call Ratio of 1.13 and a maximum pain point of $76,000, representing a notional value of $1.74 billion; 175,000 ETH options are set to expire, with a Put Call Ratio of 0.94 and a maximum pain point of $2,325, representing a notional value of $400 million. This week, market fluctuations have been minimal, and market sentiment is gradually stabilizing. The short-term realized volatility has significantly decreased, and the monthly expiration has released nearly a quarter of the position margin, leading to a noticeable decline in the implied volatility of major expiration options this week. The implied volatility for major Bitcoin expirations has fallen below 40%, while Ethereum’s major expiration implied volatility has decreased even more, with short-term IV dropping below 50% and medium to long-term IV falling below 60%.