June 6th Bitcoin Options Expiry Signals Moderate Long-Term Uptrend Amid Market Volatility

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.