20,000 BTC options expire today, with a notional value of $1.6 billion.

[email protected] posted on the X platform that 20,000 BTC options expired on May 8th, with a put/call ratio of 0.73, a maximum price ceiling of $79,500, and a notional value of $1.6 billion; 182,000 ETH options expired, with a put/call ratio of 0.93, a maximum price ceiling of $2,350, and a notional value of $410 million. Bitcoin rose from $75,000 to $82,000 this week before falling back last night. The implied volatility (RV) for major timeframe options and short-term realized volatility remained unchanged from last week, although the short-term RV increased slightly. Bitcoin's major short-term implied volatility (IV) is around 35%, and ETH's major short-term IV is around 50%, with both medium- and long-term implied volatility slightly decreasing. Major options data shows that Skew is relatively stable and has risen slightly, indicating a neutral market sentiment. Only 5% of options expired this week, resulting in extremely low options activity, and futures trading volume reached a historical low. At the end of May, the holdings were around 20%, and at the end of June, around 30%, with relatively inactive block trading. [email protected] stated that Bitcoin performed well in both price and popularity in the second quarter of this year, but overall market enthusiasm remained low. Currently, the focus is mainly on Bitcoin, and it is reasonable to allocate some medium- to long-term options. Allocating some high-quality altcoins also seems to be cost-effective.