A total of 20,000 Bitcoin (BTC) options contracts expired with a Put Call Ratio of 1.39 and a max pain point at $92,000, representing a nominal value of $2.3 billion. Meanwhile, 120,000 Ethereum (ETH) options contracts expired with a Put Call Ratio of 1.04 and a max pain point at $3,200, totaling $430 million in nominal value. This week, BTC continued its upward trend, nearing $98,000, just shy of the $100,000 mark, which remains a significant resistance level due to substantial sell call accumulation. The total options expiry reached nearly $2.7 billion, marking a more than 20% increase from the previous week. Despite the bullish sentiment, BTC's implied volatility slightly decreased, while skew increased, indicating a relative decline in put option prices. Institutional investors anticipate BTC to oscillate between $90,000 and $100,000, with strong support and resistance levels.