March 7th option delivery data26000 BTC options have expired, with a Put Call Ratio of 0.72, a maximum pain point of $89000, and a nominal value of $2.36 billion. 215000 ETH options have expired, with a Put Call Ratio of 0.73, a maximum pain point of $2300, and a nominal value of $490 million. This week, the market experienced severe fluctuations, and President Trump demonstrated unparalleled influence over cryptocurrencies, with implied volatility IV soaring, BTC's short-term volatility remaining at 90%, and ETH's short-term volatility directly breaking through 110%. The market's panic over the short-term trend of cryptocurrencies is spreading, and investor sentiment is very sensitive. Trump's speech is currently the only hot topic in the market, while other tracks are relatively flat. Recently, option market makers have been continuously relaxing their selling intensity and allowing IV to rise, which is also a form of hedging. The uncertainty of cryptocurrencies is too high, and market makers need more space to ensure profits. On the contrary, buyers have made significant profits in the past two weeks.