$14.3 million worth of BTC and ETH options expire today

According to options settlement data released by Adam@Greeks.live (@BTC__options), a total of 19,000 BTC options expired this week, with a Put/Call Ratio of 0.89, a maximum pain point at $64,500, and a notional value of $1.2 billion; 125,000 ETH options expired, with a Put/Call Ratio of 1.25, a maximum pain point at $1,875, and a notional value of $230 million. On the market front, BTC briefly broke above $66K but failed to hold the level; the $65K–$80K range represents the area of highest trading volume since the start of the year, indicating strong resistance above. Overall implied volatility has declined to around 35%, reducing trading opportunities. Notably, ETH put options have accounted for more than 1.0 for six consecutive weeks—the longest such streak on record—reflecting sustained bearish sentiment. However, some traders are taking advantage by selling puts to accumulate positions. After eight months of a bear market, from a cycle perspective, a rebound may emerge in the second half of the year.