A total of 27,000 Bitcoin (BTC) options have expired, with a put-call ratio of 0.71 and a maximum pain point at $69,000, representing a nominal value of $1.94 billion. Additionally, 151,000 Ethereum (ETH) options have expired, with a put-call ratio of 0.77 and a maximum pain point at $2,050, totaling a nominal value of $330 million. Key options data indicates a significant drop in implied volatility (IV) for major Bitcoin maturities, with most IVs falling to around 40%. Ethereum's major maturities also saw IVs decrease to approximately 60%. Skew has been rising, albeit slightly.