COINOTAG News reported on June 6th that significant options expiries are shaping the crypto market dynamics. According to Greek.Live analyst Adam, approximately 31,000 BTC options are set to expire, with a Put-Call Ratio of 0.71 and a max pain point at $105,000, representing a notional value exceeding $3 billion. Concurrently, 241,000 ETH options are expiring, featuring a Put-Call Ratio of 0.63 and a max pain level near $2,575, totaling nearly $590 million in notional value.
The market experienced a predominantly sideways trend throughout the week, disrupted by a notable sell-off triggered by public disputes between high-profile figures, impacting both equities and cryptocurrencies. Despite this volatility, the options expiry volume accounted for roughly 10% of total open interest, marking a rebound after several weeks of decline. Increased activity in large block trades suggests heightened institutional engagement, although sentiment remains cautiously optimistic, favoring a gradual, sustained appreciation in Bitcoin’s valuation rather than aggressive short-term gains.