The BTC and ETH options with a total value of over $13.9 billion expire today, with the maximum pain points at $115,000 and $3,800

ChainCatcher news, Greeks.live macro researcher Adam released today's options expiration data: 100,000 BTC options expired, Put Call Ratio is 0.73, maximum pain point is $115,000, nominal value is $10.9 billion. 690,000 ETH options expired, Put Call Ratio is 0.77, maximum pain point is $3,800, nominal value is $3.03 billion. Adam analyzes that, "The theme of this week remains price correction, the rapid rise last Friday did not bring sustained momentum, both BTC and ETH have corrected over 10% from their all-time highs, but market sentiment remains relatively optimistic. This week, nearly $14 billion in options are expiring, accounting for more than 20% of the current total open interest, entering a volatile trading pattern this month.

From the main options data, there is a significant rebound in implied volatility, with BTC's medium to short-term IV hovering around 35%, ETH's main term IV below 70%, and short-term IV dropping to 60%, with IV volatility entering a tug-of-war. Meanwhile, there have been many large trades this month, with a noticeable increase in the proportion of bearish large trades; today, the volume of bearish options large trades accounted for 35% of the total trading volume, reaching a new high in proportion in recent months. There is a large amount of protective large trades, and overall, the options market lacks confidence in September's market.