This week is option delivery time, only two days away from delivery. Current data shows that the biggest pain point for Bitcoin (BTC) is $26,500, a nearly 3% gap from the spot price. It cannot be ruled out that the spot price of Bitcoin will rise to $26,000 before the delivery, or the possibility of dropping to $26,000 at the biggest pain point, because the gap is not large. The short-to-long ratio is 0.5, which is a relatively normal level. The nominal capital is about 600 million US dollars, and the scale is not high. Ethereum's (ETH) biggest pain point price of $1,650 is already within the range of the spot price. Therefore, compared to Bitcoin, the probability of Ethereum reaching the maximum pain point during the weekend delivery is slightly higher. This also shows that the volatility of Ethereum is currently low, and the long-to-short ratio is 0.84, indicating that the trend of bearish and hedging short is increasing. Notional funding is only about $210 million.