Bitcoin and Ethereum Options Expire on July 3 With Key Strike Levels, Greeks.live Researcher Says

A total of 31,000 Bitcoin options and 135,000 Ethereum options are set to expire on July 3, according to Greeks.live macro researcher Adam. According to Odaily, Adam said on X that the Bitcoin options expiry has a put-call ratio of 0.7, a maximum pain point at $61,000, and a notional value of $1.9 billion, while the Ethereum options expiry has a put-call ratio of 1.29, a maximum pain point at $1,650, and a notional value of $230 million. Adam added that Bitcoin has regained the $60,000 level this week, but said the longer-term downtrend has not ended. He said selling pressure from Strategy and ETFs has shifted market consensus, with the largest buyer turning into a seller. He also said that more than 8% of options are expiring this week, with BTC GEX concentrated around $60,000 and ETH GEX concentrated around $1,700. For Ethereum, Adam said the weekly put-call ratio reached 1.29, indicating a higher share of put options and increased demand for hedging. Adam said recent market attention has been focused on U.S. stocks, while crypto market themes have centered on tokenization of U.S. equities. He added that it may take time for interest in AI and semiconductors to shift back to the crypto market.