18,000 BTC options to expire with a Put Call Ratio of 0.64, Maxpain point of $68,000 and notional value of $1.2 billion.
270,000 ETH options are due to expire with a Put Call Ratio of 0.38, Maxpain point of $3,400 and notional value of $890 million.
Today is the first weekly delivery day after the big quarterly delivery, and the crypto market was weaker this week, with the $70,000 game ending in a short-seller's win, and selling calls being the most dominant trade of the week, with IVs across all major terms showing a significant decline.
Bitcoin is coming off the halving with sentiment support, other coins have fallen into a short-term bear market, and ETF inflows have slowed recently as the market is digesting the premium from ETFs.