Adam, a macro researcher at Greeks.live, released data showing that approximately 31000 BTC options have expired today, with a nominal value of approximately $1.9 billion, a Put/Call Ratio of 0.78, and a maximum pain point price of $65000; About 138000 ETH options have expired, with a nominal value of approximately $230 million, a Put/Call Ratio of 1.03, and a maximum pain point price of $1725. Adam stated that after rebounding to around $67000 this week, Bitcoin lacks upward momentum, and both BTC and ETH are oscillating below their maximum pain point prices. This week's maturing position accounts for 6.5% of the total position, and about 15% of the open positions due for quarterly delivery next week. Gamma exposure is mainly concentrated in the range of 60000 to 63000 US dollars. The Skew indicator remains negative. Adam believes that MicroStrategy's continued coin sales and discount issues have had a negative impact on the market, leading to a lukewarm sentiment.
