Feb. 28 Options Data 59,000 BTC options are expiring with a Put Call Ratio of 0.7, Maxpain point of 96,000 and notional value of 4.66 billion. 529,000 ETH options are about to expire with a Put Call Ratio of 0.52, Maxpain point of 3,000 and a notional value of 1.12 billion. The market was on the verge of collapse this week, affected by the U.S. stock market crash and multiple security incidents, the market fell sharply under the leadership of mainstream coins, implied volatility IV spiked, especially BTC short-term volatility once climbed to 90%, and ETH short-term volatility even directly exceeded 100%. Market panic is spreading, earlier this month it was mentioned that institutions generally believe that February will be a garbage time with no market, indeed the market looks really lack of hotspots and funds. The options majors have been consistently selling short and intermediate term calls for the last month, and the smart money has won once again.