Greeks.live: Bitcoin and Ethereum options with a notional value of $2.13 billion expire today

Deep Tide TechFlow reports that on July 3, according to data from Adam@Greeks.live (@BTC__options), the options expiration details for July 3 are as follows: BTC options expiration: 31,000 contracts Put Call Ratio: 0.7 Max pain point: $61,000 Notional value: $1.9 billion ETH options expiration: 135,000 contracts Put Call Ratio: 1.29 (extremely high proportion of put options) Max pain point: $1,650 Notional value: $230 million Adam pointed out that although BTC regained the critical $60K level this week, the long-term downward trend has not been reversed. The continuous selling by MicroStrategy and Bitcoin ETFs has completely shifted market consensus, with "the largest buyer turning into a seller," which is typically a signal for accelerated decline during the transition from bull to bear markets. ETH's Put Call Ratio reached as high as 1.29 this week, indicating a significant rise in market demand for risk aversion. From the GEX distribution, BTC is concentrated around $60K, while ETH is concentrated around $1,700. Currently, market hotspots are focused on U.S. stocks and tokenized equity tracks, while short-term enthusiasm for AI and semiconductors is unlikely to flow back into the crypto market. The outlook for crypto in Q3 remains pessimistic.