Greeks.live: 26,000 BTC and 220,000 ETH options are about to expire, with implied volatility significantly increasing

According to data from Greeks.live, 26,000 BTC options and 220,000 ETH options have expired, with the maximum pain points being $84,000 and $1,850 respectively. The implied volatility has significantly increased, with BTC term volatility exceeding 50% and ETH maintaining around 65%. Market sentiment is low and the probability of a black swan event is increasing. The proportion of bearish option transactions and holdings continues to grow.