March 7 Options Expiration Data

26,000 BTC options expired, Put Call Ratio at 0.72, maximum pain point at $89,000, notional value of $2.36 billion.

215,000 ETH options expired, Put Call Ratio at 0.73, maximum pain point at $2,300, notional value of $490 million.

The market experienced extreme volatility this week, with President Trump demonstrating his unparalleled influence on cryptocurrency, implied volatility (IV) soared, and BTC's short-term volatility remained at 90%, while ETH's short-term volatility even broke through 110%.

The market's panic sentiment towards the short-term trend of cryptocurrencies is spreading, and investor sentiment is very sensitive. Trump's statements are the only hot topic in the market right now, while other sectors are relatively dull.

Options market-making institutions have recently continued to relax their selling intensity, allowing IV to rise, which is also a form of hedging behavior. The uncertainty in cryptocurrency is too great, and market makers need more space to ensure profits; in contrast, buyers have made significant profits in the past two weeks.