According to PANews, data from Greeks.live indicates that 26,000 Bitcoin options and 220,000 Ethereum options have recently expired, with the maximum pain points at $84,000 and $1,850, respectively. Implied volatility has risen significantly, with Bitcoin's term volatility exceeding 50% and Ethereum's remaining around 65%. Market sentiment is subdued, and the probability of a black swan event has increased, as the proportion of bearish options trading and open interest continues to grow.

#BTC #ETH