Feb. 14 Options Data 21,000 BTC options expired with a Put Call Ratio of 0.67, a Maxpain point of 98,000 and a notional value of 2.08 billion. 176,000 ETH options expired with Put Call Ratio of 0.64, Maxpain point of 2,725 and notional value of 470 million. Market sentiment maintained a weak consolidation this week, with Implied Volatility IV falling to its lowest level in almost a year, despite multiple positive news from the U.S. government side. Since BTC effectively fell below the 100,000 mark, options majors have been consistently selling short- and intermediate-term calls, with a significant increase in Block call trading volume but a decline in Block put volume, suggesting that while the market isn't bullish on the upside, it's just as panicked about the downside. Institutions generally agree that February is going to be a junk time with no market, and indeed the market looks like it is really lacking in hot spots and money.