Svmuu News: Adam, a macro researcher at Greeks.live, posted on X that 21,000 BTC options are expiring today, with a put-call ratio of 1.07, a maximum pain point of $90,000, and a notional value of $1.9 billion; 126,000 ETH options are expiring today, with a put-call ratio of 0.88, a maximum pain point of $3,100, and a notional value of $390 million. A total of nearly $2.4 billion in options are expiring this week, accounting for 7% of the total open interest. BTC implied volatility remains flat compared to pre-Christmas levels, with the average IV for major maturities hovering around 40%; ETH’s IV for major maturities has dropped to 55%. Block trades accounted for over 70% of total volume today, reaching the highest level in recent months, with the market primarily positioning for end-of-month BTC call options and ETH put options.