Bitcoin and Ethereum options with a notional value of $2.01 billion will expire and settle today

Golden Finance reports that on May 8th, Greeks.live posted on the X platform that 20k BTC options are expiring, with a Put Call Ratio of 0.73, the maximum pain point at $79,500, and a notional value of $1.6 billion.
18,200 ETH options are expiring, with a Put Call Ratio of 0.93, the maximum pain point at $2,350, and a notional value of $410 million.
This week, Bitcoin rose from $75,000 to $82,000, then pulled back last night.
Although the market performed well, market sentiment has remained relatively calm, with main expiry options and short-term RV remaining unchanged from last week, while short-term RV has increased.
Bitcoin’s main short-term implied volatility (IV) is around 35%, ETH’s main short-term IV is around 50%, with slight declines in medium and long-term IVs as well.
Looking at key options data, skew remains relatively stable with a very slight increase, indicating that market directional sentiment remains neutral.
This week, only 5% of options are expiring, with very low options activity, and futures trading volume has also hit historic lows.
By the end of May, about 20% of positions are held, and by the end of June, about 30%, with block trades relatively inactive, all signaling consolidation.
In the second quarter of this year, Bitcoin performed well in both price and popularity, but overall market enthusiasm remains subdued.
Currently, focusing on Bitcoin trading is the main strategy, and it is quite reasonable to allocate some medium- and long-term options, as well as some high-quality altcoins, which also seem to offer good value.