Wu said he learned that according to Greeks.live, 30,000 BTC options expired, with a Put Call Ratio of 0.79, a maximum pain point of US$66,000, and a nominal value of US$2.1 billion. 330,000 ETH options expired, the Put Call Ratio was 0.69, the biggest pain point was $3,550, and the nominal value was $1.25 billion. Bitcoin ETF capital inflows slowed down, and currency prices began to enter a correction. The major term IVs all showed a downward trend, but they were still at relatively high levels during the year. U.S. funds have promoted the spot bull market. Now capital inflows have slowed down and currency prices have entered oscillations. However, options trading volume and open interest have continued to rise. The options data for this round of bull market are slightly later than the spot data.