Bitcoin and Ethereum face $2.1 billion options expiration

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CryptoWorld News: On June 19, Bitcoin and Ethereum face a $2.1 billion options expiration, during which both trade below their maximum pain levels. This expiration covers 31,000 BTC options, with a put-to-call ratio of 0.78 and a notional value of $1.9 billion. Ethereum has 138,000 options expiring, with a put-to-call ratio of 1.03 and a notional value of $230 million. During the expiration period, Bitcoin trades close to $62,500—below many options’ minimum value levels—while Ethereum trades near $1,690, also below its maximum pain zone. The market also faces challenges in absorbing institutional selling pressure. A small Bitcoin sale earlier this month by a strategy firm (formerly MicroStrategy) shook some traders’ confidence. Nonetheless, analysts believe that ETF outflows and whale selling are bigger factors behind Bitcoin’s decline. The current market remains focused on the $60,000 to $63,000 range, and if Bitcoin can hold above $60,000, volatility may remain stable.
BTC-2.08%
ETH-2.93%
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UnderTheWisteriaBridge
· 58m ago
0.78 put/call on BTC actually bullish skew, ETH at 1.03 more neutral. Market parsing this wrong imo.
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TheWaveOfRasterization
· 3h ago
The biggest pain point is the inaccurate “failure explanation” amid the fierce market tug-of-war. If 60k can’t be held, volatility is likely to surge, and we already decided to hold off and wait first.
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ExitLiquidityPoet
· 3h ago
60k-63k consolidation zone gonna be choppy. Vol crush post-expiry if we hold, but downside gamma risk still lurks.
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