A total of 22,000 Bitcoin (BTC) options expired with a Put Call Ratio of 1.05 and a maximum pain point at $72,000, representing a nominal value of $1.65 billion. Meanwhile, 100,000 Ethereum (ETH) options expired with a Put Call Ratio of 0.95 and a maximum pain point at $2,250, totaling a nominal value of $460 million. This week, the market showed signs of recovery as Bitcoin hovered around $75,000, with altcoins also experiencing a resurgence. Despite this, Bitcoin's options market share slightly declined. Notably, 70% of open interest in options is concentrated between April 24 and June 26, with key dates at the end of April and May. Implied volatility (IV) for major Bitcoin options terms has significantly decreased this month, with most terms dropping to around 40%. ETH's major term IV also fell to around 60%, although short-term IV saw a slight increase. Despite the ongoing rebound, the overall market remains bearish, as indicated by capital flows and other metrics.