Greeks.live: Bitcoin hits new highs but the options market reacts calmly.

According to TechFlow News, on May 23, the latest data from Greeks.live shows that 25,000 BTC options will expire on May 23, with a Put Call Ratio of 1.22, a maximum pain point of $104,000, and a notional value of $2.81 billion, while 202,000 ETH options expire, with a Put Call Ratio of 1.26, a maximum pain point of $2,450, and a notional value of $570 million. It is worth noting that despite Bitcoin's all-time high this week, the options market data is almost the same as the previous two weeks, with deliveries of less than 8% of total open interest and a continuous decline, reflecting the limited reaction of institutional investors to the new highs in the market. This week, Bitcoin's short- and medium-term RV rebounded to more than 45%, but IV remained at 45%, and VRP of all maturities continued to fall, indicating that the market's expectations for the future are relatively stable.