Greeks.live: 31,000 BTC options and 135,000 ETH options will expire, with a combined notional value of $2.13 billion

Odaily Planet Daily News, Greeks.live macro researcher Adam posted on platform X that data from the July 3 options expiry shows 31,000 BTC options expiring, with a Put Call Ratio of 0.7, a max pain point of $61,000, and a notional value of $1.9 billion; 135,000 ETH options are expiring, with a Put Call Ratio of 1.29, a max pain point of $1,650, and a notional value of $230 million.

Bitcoin has reclaimed the key psychological level of $60,000 this week. The long-term downtrend is not yet over, and selling from Strategy and ETFs has shifted market consensus, turning the largest buyers into sellers. Key options data indicates that over 8% of this week's options are expiring. BTC GEX distribution is concentrated around $60,000, while ETH GEX distribution is concentrated around $1,700. This week, ETH's Put Call Ratio reached 1.29, indicating a higher proportion of put options and rising market demand for hedging. Recent market hotspots are concentrated in US stocks, with the crypto market's focus being the tokenization of US stocks. The transfer of momentum from the AI and semiconductor sector back to crypto will still take time.