PANews reported on May 1st that, according to Greeks.live, options settlement data for May 1st showed: 23,000 BTC options expired with a put-call ratio of 1.13, a maximum price threshold of $76,000, and a notional value of $1.74 billion; 175,000 ETH options expired with a put-call ratio of 0.94, a maximum price threshold of $2,325, and a notional value of $400 million.

This week saw relatively low market volatility, with market sentiment gradually calming. Short-term RV (Real Value) declined significantly, and the monthly settlement released nearly a quarter of available margin, resulting in a marked decrease in implied volatility for major timeframe options. Bitcoin's implied volatility (IV) for all major timeframes fell below 40%, while ETH's IV declined even more, with short-term IV falling below 50% and medium- to long-term IV falling below 60%. Looking at major options data, Skew remained relatively stable, and market sentiment remained slightly bearish. Only 6% of options expired this week, with approximately 25% open interest at the end of May and approximately 30% at the end of June. Large-scale trading was relatively inactive, all of which are signs of consolidation.