[June 12 Options Expiration Data]

35k BTC options expire, with a Put Call Ratio of 0.67, the maximum pain point at $66,000, with a notional value of $2.2 billion.
175k ETH options expire, with a Put Call Ratio of 0.61, the maximum pain point at $1,725, with a notional value of $290 million.
This week, Bitcoin rebounded to 63K, with both BTC and ETH trading below the "maximum pain" point, but the panic caused by the sharp decline has eased, and market attention is largely focused on the US stock market.
From the main options data, 8% of options are expiring this week, slightly above recent average levels. As prices stabilize, GEX distribution is between 60K and 62K, and Skew has rebounded significantly compared to last week, but remains in negative territory, indicating the market is still wary of a decline. At the same time, as mentioned last week, the market is not heavily betting on a one-sided crash; as long as prices stabilize, IV will decrease.
The market is currently quite cold. After MicroStrategy started selling coins, future capital inflows will be more difficult, and overall market sentiment remains somewhat bearish. This week is dominated by bears, and the best strategy is not to bet on a rebound but to reduce risk.