The $1.47 billion BTC option expires today, with a maximum pain point of $83000

Today, approximately 18000 BTC options have expired, with a nominal value of $1.47 billion and a put/call ratio of 1. The maximum pain point is $83000, and the expiration size accounts for approximately 4.5% of Bitcoin option holdings. Adam, a researcher at Greeks.live, stated that the current implied volatility is around 35%, and the market's expectations for future price fluctuations are at an extremely low level, with option buyers still being cautious.