📊 𝗝𝘂𝗻𝗲 𝟭𝟵 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝗲𝘅𝗽𝗶𝗿𝘆: 𝟯𝟭,𝟬𝟬𝟬 𝗕𝗧𝗖 ($𝟭.𝟵𝗕) 𝗮𝗻𝗱 𝟭𝟯𝟴,𝟬𝟬𝟬 𝗘𝗧𝗛 ($𝟮𝟯𝟬𝗠) 𝗲𝘅𝗽𝗶𝗿𝗲𝗱 𝘁𝗼𝗱𝗮𝘆. BTC max pain at $65,000 with a 0.78 put-call ratio (more calls than puts); ETH max pain at $1,725 with a 1.03 ratio (balanced-to-bearish). 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The BTC put-call ratio below 1.0 signals bullish positioning among options traders despite the large notional expiry — more call holders than put holders heading into this settlement. ETH's ratio above 1.0 shows a more cautious stance. Max pain levels at $65K BTC and $1,725 ETH mark the price points where the most options expire worthless; spot prices gravitating toward these levels into expiry is a common dynamic. Traders should watch whether spot holds above or below max pain in the hours following settlement — a break above suggests call writers are squeezed, while a break below favors put holders. source: WuBlockchain Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))