According to reports from Wu Shuo, Wu Shuo learned that on that day, 26,000 BTC options expired, with a Put Call Ratio of 1.05, a maximum pain point of $94,000, and a nominal value of $2.67 billion. 165,000 ETH options expired, with a Put Call Ratio of 1.42, a maximum pain point of $1,850, and a nominal value of $360 million. Both Bitcoin RV and IV remain around 45%, with VRP staying positive; Ethereum's short-term IV has exceeded 100%, and indicators have risen sharply with the rebound. The delivery volume accounts for less than 10% of total positions, with a high proportion of bearish options in the previous period but now reduced to zero. The proportion of bullish options expiring in June has significantly increased, indicating market optimism for the subsequent trend.