On March 13, 26,000 Bitcoin options with a nominal value of $1.8 billion are set to expire, featuring a Put Call Ratio of 0.9 and a max pain point at $69,000. Additionally, 182,000 Ethereum options, valued at $380 million, will expire with a Put Call Ratio of 1.21 and a max pain point at $2,000. Despite a recent market rebound, Bitcoin has reclaimed the $70,000 mark, though momentum is waning. Short- and medium-term options implied volatility (IV) has decreased, while long-term IV has slightly increased, with Bitcoin's main term IV at 50% and Ethereum's at 70%. Tomorrow's expiry represents only 6% of total open interest, indicating a significant drop in trading activity. Trading volumes show an even split between bullish and bearish options, with no dominant position. The market remains in a bearish phase, and recent AI trends have not spurred any significant market changes.