TechFlow news, on June 6, Greek's.Live macro analyst Adam posted on social media saying:
31,000 BTC options expired, Put Call Ratio at 0.71, maximum pain point at $105,000, with a notional value of $3.18 billion.
241,000 ETH options expired, Put Call Ratio at 0.63, maximum pain point at $2,575, with a notional value of $590 million.
For most of this week, the market has been primarily range-bound. Last night, following the publicized conflict between Trump and Musk, Tesla sharply declined, dragging down both U.S. stocks and the crypto market significantly.
In terms of key settlement data, the settlement volume accounted for approximately 10% of total open interest—this ratio, after declining for several weeks, rebounded this week. Meanwhile, there were multiple large block orders this week worth noting, indicating increased market activity.
Overall, institutional players in the crypto space have low expectations for a rapid near-term rise in Bitcoin, with more anticipation centered around long-term moderate growth.
