According to Greekslive, 23,000 BTC options expire, with a Put Call Ratio of 0.97. The maximum pain point is $62,000, and the notional value is $1.5 billion. 140,000 ETH options expire, with a Put Call Ratio of 1.26. The maximum pain point is $1,700, and the notional value is $250 million. Bitcoin has remained trading in choppy consolidation above $60K this week, with very calm market conditions. Based on key options data, 7% of options expire this week, and the GEX distribution for BTC and ETH is concentrated around 64K and 1,750, respectively, with both clearly clustered toward calls. The share of large-scale bullish trades has increased noticeably this week, mainly dominated by selling short-term slightly out-of-the-money calls. Institutional views are largely consistent that the market’s upward push is lacking.

BTC1.04%
ETH2.53%
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