TechFlow news, July 03, according to data from [email protected] (@BTC__options), the options expiration details for July 3 are as follows:
BTC Options
- Contracts expiring: 31,000
- Put Call Ratio: 0.7
- Max Pain: $61,000
- Notional Value: $1.9 billion
ETH Options
- Contracts expiring: 135,000
- Put Call Ratio: 1.29 (Extremely high proportion of put options)
- Max Pain: $1,650
- Notional Value: $230 million
Adam pointed out that although BTC reclaimed the key 60K integer level this week, the long-term downtrend has not yet reversed. Continuous selling by MicroStrategy and Bitcoin ETFs has completely changed market consensus, "the biggest buyer becomes the seller," which is typically a signal of accelerated decline during a bull-to-bear transition. ETH's Put Call Ratio reached as high as 1.29 this week, with market hedging demand significantly increasing.
From the GEX distribution, BTC is concentrated at 60K, and ETH is concentrated at $1,700. Current market focus is concentrated on US stocks and the US stock tokenization sector; the popularity of AI and Semiconductors is unlikely to return to the crypto market in the short term, and the crypto Q3 outlook is not optimistic.
