Bitcoin and Ethereum options with a notional value of $9.87 billion will expire and settle on April 24.

Adam, a macro researcher at Greeks.live, published options settlement data on the X platform on April 24th: 1. 109,000 BTC options expired, with a put-call ratio of 0.93, a maximum price threshold of $72,000, and a notional value of $8.55 billion. 2. 563,000 ETH options expired, with a put-call ratio of 0.72, a maximum price threshold of $2,200, and a notional value of $1.32 billion. This week, the market continued its rebound, with Bitcoin strongly breaking through $78,000. The Web3 conference in Hong Kong was also filled with a bullish atmosphere, and altcoins are also recovering. This is monthly settlement, with 25% of options expiring. Regarding the holding period, the open interest distribution in the options market shows 12% at the end of May and 24% at the end of June. Looking at major options data, Bitcoin's primary implied volatility (IV) continued to decline this month, with most IVs falling by 1% to 2%, dropping below 40%. ETH's primary IV declined even more, currently hovering around 60%. Despite the price increase, skew has subsided, indicating a lack of FOMO (follow-on-demand) sentiment in the market. Bitcoin's performance in the second quarter of this year was significantly better than the first quarter in terms of both price and market activity. This month's continued rebound reflects capital inflows. If macroeconomic pressures bottom out by mid-year, then Bitcoin's bottom will be confirmed.