PANews reported on August 15 that according to Greeks.live monitoring, a total of 39,000 BTC options expired on August 15, with the maximum pain point being US$118,000 and a notional value of US$4.6 billion; 280,000 ETH options expired, with the maximum pain point being US$4,000 and a notional value of US$1.3 billion.

This week, options deliveries totaled nearly $6 billion, representing 9% of current total open interest. BTC and ETH prices reached record highs, fueling extremely bullish market sentiment. Implied volatility data shows that BTC's short-term IV remains below 35%, while ETH's primary IV is as high as 70%, consistent with expectations of potential volatility. The options market has recently exhibited significant divergence, with frequent large trades and significant activity in both bullish and bearish markets.