Svmuu News: Greeks.live posted on X stating that options settlement data for March 6 shows 32,000 contracts of the Bitcoin option expired, with a put-call ratio of 1.69, a maximum pain point of $69,000, and a notional value of $2.3 billion;184,000 Ethereum options expired, with a put-call ratio of 0.85, a maximum pain point of $1,950, and a notional value of $380 million.The crypto market has rebounded this week, with Bitcoins firmly holding the $70,000 mark and currently poised to challenge $75,000. However, looking at options market data, selling call options has become the dominant trading strategy over the past two days; although prices are still rising, the momentum has slowed.Tomorrow, options representing 7% of total open interest will expire—nearly the lowest level in recent times—while the proportion of Bitcoin positions has reached a recent peak. Thanks to the recent rally, implied volatility for Bitcoin and Ethereum has risen this week, with BTC’s main-term IV at 55% and ETH’s main-term IV at 75%.