The data shows that 18,000 BTC options expire, the Put Call Ratio is 0.67, the maximum pain point is 70,000 US dollars, and the nominal value is 1.25 billion US dollars. 260,000 ETH options expire, the Put Call Ratio is 0.64, the maximum pain point is 3650 US dollars, and the nominal value is 1 billion US dollars. Greeks.live said that this week, the Bank of Canada and the European Central Bank launched interest rate cuts, the entire venture capital market has a good performance, the crypto market is now a two-wheel drive of BTC ETF and ETH ETF, macro and news differentiation is obvious, the market atmosphere is more optimistic. Now BTC's main term IV is around 50%, and ETH's main term IV is around 55%, both of which have fallen to a reasonable level. The selling ETH and buying BTC as mentioned last week can make a profit by making a cross-currency IV difference. This month, the BTC market is likely to be strongly correlated with the macro news of the Federal Reserve's interest rate cut, while the ETH trend is mainly influenced by the news of ETF approval.