【February 28th Options Expiration Data】

59,000 BTC options expired, Put Call Ratio is 0.7, maximum pain point at $96,000, notional value of $4.66 billion.

529,000 ETH options expired, Put Call Ratio is 0.52, maximum pain point at $3,000, notional value of $1.12 billion.

This week the market is on the brink of collapse, influenced by the sharp decline in U.S. stocks and several security incidents, the market has significantly fallen under the leadership of mainstream coins, implied volatility (IV) soared, especially the short-term volatility of BTC once climbed to 90%, while the short-term volatility of ETH directly broke through 100%.

Market panic is spreading, as mentioned earlier this month, institutions generally believe that February will be a time with no market activity, and indeed the market seems to really lack hotspots and funds. Large options traders have been continuously selling medium to short-term call options for nearly a month, and smart money has won again.