Greeks.live: 31,000 BTC Options and 135,000 ETH Options Expire, with a Total Notional Value of $2.13 Billion

Odaily reported that Adam, a macro researcher at Greeks.live, posted on platform X that according to options delivery data for July 3rd, 31,000 BTC options expire, with a Put Call Ratio of 0.7 and a max pain point of $61,000, representing a notional value of $1.9 billion; 135,000 ETH options expire, with a Put Call Ratio of 1.29 and a max pain point of $1,650, representing a notional value of $230 million.

Bitcoin has once again reclaimed the key psychological level of $60,000 this week. However, from a long-term perspective, the downward trend has not yet ended. Selling pressure from Strategy and ETF has shifted market consensus, turning the largest buyers into sellers. Key options data shows that over 8% of this week's options will expire. BTC's GEX distribution is concentrated around $60,000, while ETH's GEX distribution is concentrated around $1,700. ETH's Put Call Ratio has reached 1.29 this week, indicating a higher proportion of put options and rising market demand for hedging. Recent market hotspots have been concentrated in US stocks. Within the crypto market, the focus is on the tokenization of US stocks. It will still take time for the buzz around AI and semiconductors to fully shift back to crypto.