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

Odaily reported that Adam, a macro researcher at Greeks.live, shared the options expiration data for April 24 on platform X:

1. 109,000 BTC options are expiring, Put Call Ratio is 0.93, max pain at $72,000, nominal value $8.55 billion.

2. 563,000 ETH options are expiring, Put Call Ratio is 0.72, max pain at $2,200, nominal value $1.32 billion.

This week, the market continued to rebound, with Bitcoin breaking strongly above $78,000. The Web3 conference in Hong Kong was also filled with a cheerful bullish atmosphere, and the altcoin market is starting to recover. This is a monthly expiration, with 25% of options set to expire. Regarding open positions, open interest in the options market is distributed such that 12% is due at the end of May and 24% at the end of June.

According to major options data, the main-term IV for Bitcoin has continued to decline this month, with most maturities dropping by 1% to 2%, falling below 40%. ETH’s main-term IV has decreased more significantly, now around 60%. Despite the price rebound, Skew has fallen, and the market does not show fomo sentiment.

In the second quarter of this year, Bitcoin has clearly outperformed both in price and enthusiasm compared to the first quarter. This month’s continuous rebound shows fund inflows. If macro pressures reach their bottom mid-year, then Bitcoin’s bottom will also be confirmed.