According to CoinMeta, based on the data analyzed by analyst Adam, on November 13th, there will be approximately $2.8 billion in BTC and ETH options expiring. Among them, around 34,000 BTC options will expire with a notional value of $2.48 billion, and the put / call ratio ratio is 0.52, with a maximum pain point of $76,000. Approximately 148,000 ETH options will expire with a notional value of $300 million, and the put / call ratio ratio is 1.55, with a maximum pain point of $2,200. Currently, the prices of BTC and ETH are both below their respective maximum pain points, and the holding position of put options ETH is relatively high. At the same time, the trading volume of BTC in the past 24 hours put / call ratio once rose to 1.64, indicating active short-term selling and hedging transactions.