Data: Nominal value of $2.98 billion in BTC and $1.57 billion in ETH options contracts are about to expire.

According to data from Greeks.live on October 27th, 87,000 BTC options are set to expire with a Put Call Ratio of 0.88 and a maximum pain point of $29,000, representing a nominal value of $2.98 billion. Additionally, 880,000 ETH options are set to expire with a Put Call Ratio of 0.47 and a maximum pain point of $1,650, representing a nominal value of $1.57 billion. BTC has exploded in the market this week, reaching a new high for the year with a surge to $36,000 on the 24th, causing the entire period's IV to skyrocket and approach this year's highest level. The delivery price for this period will be significantly far from the maximum pain point. However, it is worth noting that the whales have been mainly selling in the latter half of this week, and while the market sentiment has improved, it is not enough to support the continuation of the market. It is currently necessary to pay attention to market news and data to see if there is an influx of incremental funds to support the current bull market.