According to BlockBeats, Adam, a macro researcher at Greeks.live, recently published an article on the X platform, pointing out that 18,000 Bitcoin (BTC) options and 270,000 Ethereum (ETH) options will expire today, with a nominal value of $1.2 billion and $890 million, respectively. Among them, the Put Call Ratio of BTC options is 0.64, with a maximum pain point of $68,000; the Put Call Ratio of ETH options is 0.38, with a maximum pain point of $3,400. This week is the first weekly delivery after the quarterly delivery. The crypto market performed weakly, and the $70,000 game ended with the shorts winning. In addition, Bitcoin is about to usher in halving, which has certain emotional support, while other currencies have fallen into a short-term bear market. Recently, the inflow of ETF funds has slowed down, and the market is digesting the premium brought by ETFs.