According to reports from Wu, it has been 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. Bitcoin RV and IV both remain around 45%, and VRP remains positive; Ethereum's short-term IV has exceeded 100%, with indicators rising sharply along with the rebound. The delivery volume accounts for less than 10% of the total open interest, with a high proportion of bearish options in the previous period but now reduced to zero, while the proportion of bullish options expiring in June has significantly increased, indicating market optimism for future trends.