Bjie.com news, Greeks.live latest data shows that on May 23, 25,000 BTC options will expire, the Put Call Ratio is 1.22, the maximum pain point is $104,000, with a notional value of $2.81 billion; at the same time, 202,000 ETH options will expire, the Put Call Ratio is 1.26, the maximum pain point is $2,450, with a notional value of $570 million.

It is worth noting that despite Bitcoin reaching an all-time high this week, the options market data is almost the same as the previous two weeks, with the delivery volume accounting for less than 8% of the total open interest and the ratio continuing to decline, reflecting limited reactions from institutional investors to the market’s new high. This week, Bitcoin's medium to short-term RV rebounded to over 45%, but IV remains at 45%, and the VRP for various maturities continues to decline, indicating that the market expectations for the future are relatively stable.