Bitcoin and Ethereum options with a notional value of $9.87 billion will expire and be settled on April 24.

ME News, April 24 (UTC+8), Greeks.live macro researcher Adam posted on X platform announcing the options delivery data for April 24:

1. 109k BTC options expired, Put Call Ratio of 0.93, max pain at $72,000, notional value of $8.55 billion.
2. 563k ETH options expired, Put Call Ratio of 0.72, max pain at $2,200, notional value of $1.32 billion. This week the market continued to rebound, Bitcoin broke through $78,000 strongly, the Web3 conference in Hong Kong was also filled with an upbeat atmosphere, and altcoins are recovering. This is a monthly delivery, with 25% of options expiring. In terms of holding periods, the distribution of open interest in the options market shows 12% at end of May and 24% at end of June. From the main options data, Bitcoin's main tenor IV continued to decline this month, with most tenors falling by 1% to 2% to below 40%. ETH's main tenor IV fell even more, currently around 60%. Despite the price increase, Skew has declined, and the market is not showing FOMO sentiment. In the second quarter of this year, Bitcoin's performance in both price and sentiment is significantly better than in the first quarter. The continued rebound this month is a sign of capital inflows. If macro pressure bottoms out mid-year, then Bitcoin's bottom will also be confirmed. (Source: ODAILY)