According to Greekslive, 31,000 BTC options expired, with a Put Call Ratio of 0.7, the maximum pain point at $61,000, and a notional value of $1.9 billion. 135,000 ETH options expired, with a Put Call Ratio of 1.29, the maximum pain point at $1,650, and a notional value of $230 million. From the main options data, more than 8% of options expired this week, with BTC GEX concentrated around 60K and ETH GEX concentrated around 1,700. This week, ETH’s Put Call Ratio reached 1.29, meaning the proportion of put options is at an extremely high level, and market hedging demand is surging. The market’s concern about another drop is evident.