7 Feb Options Data 26,000 BTC options expired with a Put Call Ratio of 0.58, a Maxpain point of 99,500 and a notional value of 2.54 billion. 203,000 ETH options expired with Put Call Ratio of 0.46, Maxpain point of 2,950 and notional value of 560 million. Market sentiment was weaker this week, with ETH's Maxpain point falling below 3,000 again, with the coin dropping to 2,100 at one point during the session, a new low since 2024, and BTC effectively falling below the 100,000 mark, around which the market has been oscillating in a wide range since it broke above 95,000 in late November. The market is still digesting the effects of 3 months of Trump Trade, with deliveries accounting for 10% of total positions this week, with call options trading down significantly and Block puts growing as a percentage of volume. With US Unemployment and Non-Farm Payrolls data for January tonight, the impact of macro events on US equities is worth keeping an eye on, with overall risk in the major speculative markets now more correlated.