PANews reported on April 3 that, according to an analysis by Adam, an analyst at Greeks.live, 28,000 BTC options expired on April 3, with a put/call ratio of 0.54, a maximum price threshold of $68,000, and a notional value of $1.8 billion. 156,000 ETH options expired, with a put/call ratio of 0.73, a maximum price threshold of $2,075, and a notional value of $320 million.

Today is the first weekly settlement after the quarterly settlement date, and Bitcoin options have already captured over 80% of the market share. In terms of maturity, the most open interest is currently in late April and late June, each accounting for around 23%. Ethereum has a higher concentration, with June options accounting for the largest share at approximately 30%, indicating higher trading activity in Bitcoin options. Looking at major options data, Bitcoin's primary term implied volatility (IV) has fallen below 51%, and ETH's primary term IV has also dropped below 70%. RV (Reverse Risk) is also continuing to decline. VRP rose during the week but has now fallen back to near the zero line. Skew has decreased slightly, but the magnitude is negligible. Bitcoin performed poorly in both price and popularity in the first quarter of this year, and the first week of the second quarter was also poor. Rebuilding confidence may require time and financial support, and currently, all indicators point to bear market characteristics.