BTC options with a nominal value of $1.7 billion and ETH options with a nominal value of $890 million are due

According to Golden Finance, data from Greeks.live shows the options expiration data on March 22nd: 25,000 BTC options expired with a Put Call Ratio of 0.56, a maximum pain point of $67,000, and a nominal value of $1.7 billion. There were 250,000 ETH options expiring with a Put Call Ratio of 0.51, a maximum pain point of $3,500, and a nominal value of $8.9 billion. Greeks.live stated that there has been a shift in the rhythm of the crypto market this week; last week it was mentioned that the weekend was the final rebound window and if Bitcoin price could not sustain $70,000 then the upward trend would be disrupted - indeed this week saw a deep correction. There was an increase in demand for Puts with significant rebounds in IV across major tenors; however, Put open interest delivery volume decreased instead as many Puts were closed profitably this week.