This week, the total notional value of expiring BTC and ETH options is $2.95 billion

Odaily reports that Adam, a researcher at Greeks.live, posted on X that on October 2, 30,500 BTC options expired, with a Put Call Ratio of 1.07, a max pain point of $82,000, and a notional value of $2.63 billion; 116,000 ETH options expired, with a Put Call Ratio of 1.17, a max pain point of $2,660, and a notional value of $320 million. On the first weekly expiry day after the quarterly delivery, the BTC price rebounded significantly on the delivery day, block trades in call options were active, and BTC has been fluctuating around $85,000 for more than a week.

Adam said that this week, implied volatility across major tenors declined compared with last week and rebounded compared with two weeks ago, and is currently at a low since the start of this bull market; the trend in monthly realized volatility was similar, and the volatility risk premium across major tenors all declined. The peak Gex is at and above $90,000, and Gex in the downside direction has become dispersed again. After cryptocurrency experienced a 10-month bear market, this cycle has already seen a small bull market lasting more than a month, and it is currently in a sideways correction phase, with market sentiment having improved somewhat.