The current relative strength index RSI value of Bitcoin is 37.79, and the recent drop below its signal line indicates that Bitcoin is currently at a bearish level, and the bears have successfully taken control of the market. This is a potential for investors looking to take advantage of the current market conditions. profitable buying opportunities. However, the current encryption market is still under the control of bears, and the price recovery still has a long way to go. It is worth noting that $3.6 billion worth of Bitcoin and Ethereum options contracts will expire today, including $2.3 billion worth of Bitcoin options contracts, with the biggest pain point at $27,000. In addition, $1.3 billion worth of Ethereum options contracts are included. The biggest pain point is $1800. With a put ratio of 0.38, outstanding calls may outnumber puts by more than two and a half times. The amount of options expiring is sizable, but that doesn't mean the market has reason to panic. Implied volumes are still at their lowest levels, with Bitcoin and Ethereum at 50 DVOL, seeing a similar minimum IV situation in January of this year, followed by a massive spike. But with markets trading at one of the lowest levels of volatility all year, the impact is likely to be minimal. In addition, since the beginning of May, the market has been weighing the U.S. government debt ceiling negotiations and the ongoing cryptocurrency regulation and macroeconomic uncertainty. within range. U.S. stock indexes are under selling pressure amid heightened fears of a possible U.S. default, all of which is forcing financial institutions to restructure assets and prepare for a possible default, putting additional pressure on participants in the financial markets.