[BTC and ETH Options with Total Notional Value Exceeding $2.1 Billion Expire Today] BlockBeats News, June 19 — Greeks.live macro researcher Adam released options settlement data showing that approximately 31,000 BTC options expire today, with a Put/Call Ratio of 0.78, a max pain price of $65,000, and a notional value of approximately $1.9 billion. Additionally, approximately 138,000 ETH options expire today, with a Put/Call Ratio of 1.03, a max pain price of $1,725, and a notional value of approximately $230 million. Adam stated that although Bitcoin briefly rebounded to around $67,000 this week, the upward momentum was clearly insufficient. Under institutional selling pressure, the market's ability to absorb was limited. Both BTC and ETH are currently trading below their max pain prices and fluctuating around this range. From the options structure perspective, the positions expiring this week account for approximately 6.5% of total open interest, which is lower than last week's level and remains within the recent average range. Next week will see quarterly settlements, with approximately 15% of open interest set to expire. As prices stabilize, Gamma Exposure (GEX) is primarily concentrated in the $60,000 to $63,000 range, with related positions set to expire gradually over the next two weeks. The released margin may have a noticeable impact on implied volatility (IV). Furthermore, the Skew indicator remains negative, indicating that the market is still guarding against downside risks. Adam believes that MicroStrategy's continued selling of coins and its discount issues have significantly impacted market confidence, making capital inflows more challenging. Overall, market sentiment remains subdued. [Original Link]