Analyst Adam from Greeks.Live recently released data on BTC and ETH option expirations, revealing significant figures indicative of market optimism despite a recent price correction. A total of 34,000 BTC options expired this week, with a Put-Call Ratio of 1.3 and a maximum pain point at $118,000. This resulted in a nominal value of $3.82 billion. In the ETH market, 220,000 options also expired, with a Put-Call Ratio of 0.82 and a maximum pain point at $4,250, totaling a nominal value of $950 million. 34,000 BTC options had an overall value of $3.82 billion, while 220,000 ETH options totaled $950 million. Despite the correction, both Bitcoin and Ethereum remain near all-time highs, reflecting a generally optimistic market sentiment. Notably, this week’s approximately $5 billion in option expirations represents 8% of the current total open interest – a relatively low figure historically – contrasting with the current daily high trading volume of nearly $5 billion. Short to medium-term implied volatility for BTC is rising above 35%, while ETH’s main term IV remains below 70%. Short-term IV has surpassed 80% indicating market divisions. However, overall there’s a clear indication of anticipation regarding reduced future volatility.