PANews reported on April 4 that according to Greeks.live data, 26,000 BTC options and 220,000 ETH options expired, with the biggest pain points being $84,000 and $1,850, respectively. Implied volatility has risen significantly, with BTC term volatility exceeding 50% and ETH remaining around 65%. Market sentiment is depressed, the probability of black swan events has increased, and the proportion of put option transactions and positions has continued to grow.