BTC options with a nominal value of 1.2 billion US dollars and ETH options worth 890 million US dollars are due to expire

Data from Greeks.live shows that on April 5, options delivery data: 18,000 BTC options expired, with a Put Call Ratio of 0.64, the biggest pain point being $68,000 and a nominal value of $1.2 billion. Also, 270k ETH options expired with a Put Call Ratio of 0.38; the biggest pain point was at $3,400 and had a nominal value of $890 million.

Greeks.live states that today is the first weekly delivery after the quarterly big delivery. The crypto market this week has been relatively weak; the battle for $70k ended in favor of bears as selling calls were primarily traded this week resulting in significant declines across all major term IVs. Bitcoin is about to halve which provides some emotional support while other currencies have already fallen into short-term bear markets. Recently ETF inflows have slowed down as the market digests premiums brought by ETFs.