On March 6, 32,000 Bitcoin options are set to expire with a Put Call Ratio of 1.69 and a max pain point at $69,000, representing a nominal value of $2.3 billion. Additionally, 184,000 Ethereum options will expire, featuring a Put Call Ratio of 0.85 and a max pain point at $1,950, with a nominal value of $380 million. The crypto market has seen a rebound this week, with Bitcoin stabilizing above the $70,000 mark and potentially targeting $75,000. However, recent options market data indicates a trend towards selling call options, suggesting a slowdown in momentum despite rising prices. Tomorrow's options expiry accounts for 7% of total open interest, the lowest in recent times, while Bitcoin's open interest share has peaked. Implied volatility for Bitcoin and Ethereum has increased, with BTC's main term IV at 55% and ETH's at 75%. Large call options dominate trading, and skew has rebounded, reflecting improved market sentiment. Despite these developments, the market remains bearish, with limited appeal for aggressive buying as the bottom is yet to be confirmed.