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 to announce the option delivery data for April 24:

1. 109k BTC options expired, with a Put Call Ratio of 0.93, max pain at $72,000, and a notional value of $8.55 billion.
2. 563k ETH options expired, with a Put Call Ratio of 0.72, max pain at $2,200, and a notional value of $1.32 billion. The market has been rebounding this week, with Bitcoin strongly breaking through $78,000. The Hong Kong Web3 conference is filled with a cheerful bullish atmosphere, and the altcoin market is also recovering. This is a monthly settlement, with 25% of options expiring. In terms of holding period, the distribution of open interest in the options market is 12% at the end of May and 24% at the end of June. Looking at the main options data, the implied volatility (IV) of Bitcoin's major tenors continues to decline this month, with most tenor IVs dropping by 1% to 2% to below 40%. The IV of ETH's major tenors has fallen even more, currently around 60%. Despite the price increase, Skew has retreated, and there is no FOMO sentiment in the market. In the second quarter of this year, Bitcoin's performance in both price and hype has been significantly better than the first quarter. The sustained rebound this month is a sign of capital inflows. If macro pressures bottom out in mid-year, then Bitcoin's bottom will also be confirmed. (Source: ODAILY)