Adam, a macro researcher at Greeks.live, posted on the X platform that 27,000 BTC options expired on April 10th, with a put-call ratio of 0.71, a maximum price threshold of $69,000, and a notional value of $1.94 billion; 151,000 ETH options expired, with a put-call ratio of 0.77, a maximum price threshold of $2,050, and a notional value of $330 million. This week, influenced by the US-Iran ceasefire, Bitcoin broke through $72,000 and its recent consolidation range. Bitcoin options market share continues to exceed 80%, with open interest concentrated at the end of April and the end of June, and trading primarily focused on the end-of-April term. Data shows that the implied volatility (IV) for most Bitcoin terms has fallen to around 40%, while the IV for major ETH terms has fallen to around 60%, and skew has risen. Currently, cryptocurrencies are being driven by other markets, and various indicators such as fund flows are showing bearish characteristics.