Bitcoin and Ethereum options worth about $1.75 billion expired on July 10 as traders maintained a cautious view of the crypto market.

According to data shared by Greeks.live, about 23,000 Bitcoin options expired with a notional value of $1.5 billion. The contracts had a put-call ratio of 0.97 and a maximum pain level of $62,000.

Meanwhile, 140,000 Ethereum options expired with a notional value of $250 million. The $ETH contracts carried a put-call ratio of 1.26 and a maximum pain level of $1,700.

Bitcoin options traders limit short-term upside

Bitcoin remained above $60,000 for most of the week and briefly reached $64,000 during Asian trading on Friday. The price later stayed close to a resistance area between $64,000 and $64,500.

The…