Bitcoin and Ethereum options worth about $1.75 billion expired on July 10 as traders maintained a cautious view of the crypto market.
Summary
- Bitcoin options worth $1.5 billion expired as traders watched the key $62,000 maximum pain level.
- Ethereum’s 1.26 put-call ratio reflected unusually high demand for downside protection during the weekly expiry.
- Institutional traders sold short-term calls, suggesting limited confidence in a sustained crypto market rally ahead.
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…
