According to Greekslive, 23,000 BTC options expired, with a Put/Call Ratio of 0.97. The maximum pain point was $62,000, with a notional value of $1.5 billion. 140,000 ETH options expired, with a Put/Call Ratio of 1.26. The maximum pain point was $1,700, with a notional value of $250 million. Bitcoin has been trading in a range above 60K this week, and the market has been quite calm. Based on major options data, 7% of options expire this week. The GEX distribution for BTC and ETH is concentrated at 64K and 1,750, respectively, and both clearly cluster toward calls. The share of large bullish trades has increased noticeably this week, mainly involving the selling of short-term, slightly out-of-the-money call options. Institutions appear to be largely consistent in their view that the market lacks momentum to move higher.