#OptionsExpiration
📉 $2 Billion Bitcoin Options Expiration: Will the Market React?
Today, July 3, about 31,000 BTC contracts with a notional value of $1.9 billion expire. Since the volume is significantly lower than in past quarterly expirations, analysts do not expect serious pressure on the spot market.
📊 Key figures:
➡️ Max Pain (maximum pain price): $61,000 is as close as possible to the current rate.
Put/Call ratio: 0.7 (long buyers still slightly prevail).
➡️ Open interest (OI): Fell to a 16-month low ($26 billion). The main volume of buyers is waiting for $80,000, while sellers are pressing for $60,000.
➡️ Ethereum: 134,000 ETH contracts are expiring in parallel ($228 million, Max Pain — $1,650).
📈 What's on the spot?
The crypto market met Friday with a confident "green" rebound, adding over $69 billion in capitalization in the last few hours alone:
#bitcoin ($BTC ): Amid weak employment data in the US (which reduces the chances of a Fed rate hike), the price locally broke through $62,000, currently trading around $61,500.
#Ethereum ($ETH ): Showed +6% per day and returned above $1,700.
⚠️ Important: The US has a long weekend ahead, so market activity is likely to be reduced in the coming days.
📉 $2 Billion Bitcoin Options Expiration: Will the Market React?
Today, July 3, about 31,000 BTC contracts with a notional value of $1.9 billion expire. Since the volume is significantly lower than in past quarterly expirations, analysts do not expect serious pressure on the spot market.
📊 Key figures:
➡️ Max Pain (maximum pain price): $61,000 is as close as possible to the current rate.
Put/Call ratio: 0.7 (long buyers still slightly prevail).
➡️ Open interest (OI): Fell to a 16-month low ($26 billion). The main volume of buyers is waiting for $80,000, while sellers are pressing for $60,000.
➡️ Ethereum: 134,000 ETH contracts are expiring in parallel ($228 million, Max Pain — $1,650).
📈 What's on the spot?
The crypto market met Friday with a confident "green" rebound, adding over $69 billion in capitalization in the last few hours alone:
#bitcoin ($BTC ): Amid weak employment data in the US (which reduces the chances of a Fed rate hike), the price locally broke through $62,000, currently trading around $61,500.
#Ethereum ($ETH ): Showed +6% per day and returned above $1,700.
⚠️ Important: The US has a long weekend ahead, so market activity is likely to be reduced in the coming days.
