According to Greeks.live data, on June 5 (UTC+8), $1.89 billion in notional value of Bitcoin options expired, with 25,600 BTC options expiring, a Put/Call Ratio of 0.56, and the maximum pain point at $70,500 with a notional value of $1.62 billion. Additionally, 155,000 ETH options expired, with a Put/Call Ratio of 0.92, a maximum pain point at $2,000, and a notional value of $270 million. This week, Bitcoin experienced a sharp decline, briefly approaching $60,000; due to the rapid drop, both BTC and ETH moved significantly away from their maximum pain points. The weak market conditions further dampened already low market attention, with only 6% of options expiring this week, as market focus largely shifted to U.S. equities. (Source: ChainCatcher)
$18.9 million in Bitcoin options expire as market focus shifts to U.S. stocks
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Summary
On June 5 (UTC+8), $189 million in Bitcoin options contracts expired, involving 25,600 BTC options and a Put/Call Ratio of 0.56. The maximum pain point was at $70,500, while the Fear & Greed Index remained bearish as Bitcoin traded near $60,000. ETH options activity totaled 155,000 contracts, with a Put/Call Ratio of 0.92 and a pain point at $2,000. With only 6% of options expiring, focus shifted to U.S. stocks as crypto prices moved away from key support levels.
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