Options worth $2.33 billion will expire today

Greeks.live data shows that on April 19th, 22,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $65,000, and a nominal value of $1.4 billion. 300,000 ETH options are about to expire, with a Put Call Ratio of 0.42, a maximum pain point of $3,125, and a nominal value of $930 million. The cryptocurrency market has experienced a significant correction again this week, with Bitcoin and Ethereum falling below $60,000 and $3,000, respectively, and the bears have achieved their biggest and most sustained victory of the year. However, the main expiration IV has continued to decline, mainly due to the significant drop in call option prices, and the halving expectations on Saturday are no longer able to support the market. Recently, ETF fund inflows have slowed down, and market sentiment is relatively low. Although there has been a rebound today, the actions of the whales still indicate a lack of confidence in the future market, and a bull market needs more support from incoming funds after the halving.