Svmuu News: Adam, a macro researcher at Greeks.live, posted on X that options settlement data for July 3 shows 31,000 BTC options expired, with a put-call ratio of 0.7,with the largest pain point at $61,000 and a notional value of $1.9 billion; 135,000 ETH options expired, with a put-call ratio of 1.29, the largest pain point at $1,650, and a notional value of $230 million.
BitcoinThis week, the market once again reclaimed the key psychological level of $60,000; however, the long-term downtrend has not yet ended. Selling pressure from strategies and ETFs has shifted market sentiment, with the largest buyers now turning into sellers.Key options data shows that over 8% of options expired this week, with BTC’s GEX distribution concentrated around $60,000 and ETH’s GEX distribution concentrated around $1,700.ETH’s Put-Call Ratio reached 1.29 this week, indicating a high proportion of put options and rising market demand for safe-haven assets. Recent market attention has been focused on U.S. stocks, while the crypto market’s hot topics include the tokenization of U.S. stocks; it will take time for the buzz around AI and semiconductors to shift back to crypto.