BlockBeats News, April 25th: Analyst Adam from Greeks.live posted on social media, stating, "April 25th Options Expiry Data: 78,000 BTC options expiring, Put Call Ratio at 0.75, max pain at $86,000, notional value of $7.18 billion. 461,000 ETH options expiring, Put Call Ratio at 0.82, max pain at $1900, notional value of $8.2 billion."

This week, Bitcoin and Ethereum rebounded strongly, with the main term RV back above 55% and IV also above 45%. The VRP of multiple terms has also returned to positive territory, ending a month-long period of negative levels. Sustained negative VRP levels for such a long time are rare. Trump's weakness in the trade and tariff wars has given the market great confidence, but market uncertainty will persist in the long term.

Delivery volume accounts for a quarter of the total open interest, with a high proportion of bearish options expiring this month, reflecting the market's concerns about a downturn. However, as the market improves, the proportion of bullish options expiring in June is significantly higher, indicating a more optimistic outlook for the next market trend."