Bitcoin and Ethereum Options Expiry Highlights Market Trends

According to BlockBeats, Greeks.Live analyst Adam shared insights on social media regarding the options expiry data for June 6. A total of 31,000 Bitcoin options expired with a Put Call Ratio of 0.71, a maximum pain point of $105,000, and a nominal value of $3.18 billion. Additionally, 241,000 Ethereum options expired with a Put Call Ratio of 0.63, a maximum pain point of $2,575, and a nominal value of $590 million. Throughout the week, the market experienced mostly volatile conditions. A significant downturn occurred last night following the publicized conflict between U.S. President Donald Trump and Elon Musk, which led to a sharp decline in Tesla's stock, impacting both the U.S. stock market and the crypto market. The options expiry data indicates that the expiry volume was approximately 10% of the total open interest, marking a rebound after several weeks of decline. Furthermore, several large orders this week have drawn attention, indicating increased market activity. Overall, crypto institutions have tempered expectations for Bitcoin's rapid short-term rise, with more anticipation for a moderate long-term increase.