[September 5th Options Delivery Data] 30,000 BTC options expired with a Put-Call Ratio of 1.41, a maximum pain point of $112,000, and a notional value of $3.4 billion. 300,000 ETH options expired with a Put-Call Ratio of 0.77, a maximum pain point of $4,400, and a notional value of $1.29 billion. Bitcoin prices have been correcting for nearly a month, and Ethereum prices have been correcting for two weeks. Both BTC and ETH have fallen more than 10% from their all-time highs, and market sentiment has begun to shift from optimism to pessimism. Weakness in US stocks and the WLFI has exacerbated market skepticism. Put option block trading volume and trading share are both increasing, with risk aversion being the primary objective. Key options data shows a significant rebound in implied volatility. BTC's IV across all maturities has rebounded to around 40%, while ETH's IV for key maturities is slightly below 70%, with IV fluctuations entering a stalemate. At the same time, this month is the delivery month for the third quarter. In the past, the market in September was generally relatively weak. Due to many reasons such as the extension and settlement of various institutions, the market as a whole would be relatively weak. Overall, the options market lacked confidence in the market in September.