Huo Xing Finance reports, according to options settlement data released by Adam@Greeks.live (@BTC__options), this week saw 19,000 BTC options expire 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 50% of open interest 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.
14.3 million USD worth of BTC and ETH options expire today, with put-call ratios highlighting market sentiment.
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Summary
This week, 19,000 BTC and 125,000 ETH options contracts expired, with total nominal values of $1.2 billion and $230 million, respectively. BTC’s put/call ratio stood at 0.89, with a pain point at $64,500. ETH’s put/call ratio was 1.25, with a pain point at $1,875. ETH put options have outpaced calls for six consecutive weeks—the longest such streak on record. Bitcoin briefly rose above $66,000 but failed to sustain the gain, encountering resistance between $65K and $80K. Implied volatility has declined to 35%, reducing trading opportunities.
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