Wu Shuo has learned, according to Greeks live data, that on September 25 around 167,000 BTC options will expire. The Put/Call Ratio is 0.87, the maximum pain point is $79,000, and the notional value is about $14.04 billion. Meanwhile, about 789,000 ETH options will expire, with a Put/Call Ratio of 0.67, the maximum pain point is $2,380, and the notional value is about $2.1 billion. Today is the quarterly settlement day, with about 32% of BTC options open positions and 40% of ETH options open positions expiring. Greeks live indicates that market sentiment has improved recently, but volatility driven by the settlement still needs to be watched in the near term.