2.18 billion USD BTC and ETH options expire today, the market is fully long

According to Greeks.live data, 24000 BTC options expired today with a Put Call Ratio of 0.84, a maximum pain point of $67000, and a nominal value of $1.82 billion; 149000 ETH options expire today, with a Put Call Ratio of 0.84, a maximum pain point of $2000, and a nominal value of $360 million. Greeks.live analyst Adam stated that BTC broke through $76000 this week, making it one of the few delivery dates this year where the delivery price exceeded the biggest pain point. At present, the monthly realized volatility RV has risen by 20% to 53%, while the monthly IV has only increased by 6%, and VRP has significantly decreased. This week, 6% of the options have expired, and the position has rebounded but remains low, with a significant increase in trading volume. The rising speed and heat are too fast, and the bullish direction of Gex is very scattered, while the downward direction of Gex can be almost ignored, and the market is in a comprehensive long state.