Options expiration day, once again the familiar script.

24,000 BTC options and 151k ETH options, with a combined notional value exceeding $2.2 billion. Will the market obediently follow the key levels of 69,000 and 2,050?

The Put-Call Ratio is below 1, indicating that bullish sentiment still dominates. But don’t celebrate too early—volatility around expiration is common, and market makers love to harvest profits during this time.

The notional value of $1.94 billion in BTC—if it truly moves toward the pain points—how many traders will get liquidated? On the ETH side, with a notional value of $330 million, the 2,050 level doesn’t seem far now; a slight tremor could push it there. #Gate广场四月发帖挑战
In short, from today to tomorrow, buckle up and stay safe.