Bitcoin and Ethereum Options with a notional value of approximately $2.13 billion are set to expire today.

BlockBeats News, July 3rd, according to data from Greeks.live, a total of 31,000 BTC options are set to expire today. The Put/Call Ratio is 0.7, with the maximum pain point at $61,000, representing a notional value of approximately $1.9 billion. At the same time, there will be 135,000 ETH options expiring, with a Put/Call Ratio of 1.29. The maximum pain point is at $1650, with a notional value of around $230 million.

Analyst Adam from Greeks.live stated that Bitcoin reclaimed the $60,000 level this week; however, the long-term downward trend is not over yet. The selling pressure from MicroStrategy and the spot ETF has shifted the market sentiment, with the major buyers turning into sellers. This usually signals an accelerated decline during a bull-to-bear transition.

Looking at the options data, this week's expiring contracts comprise a significant portion of the market. The BTC GEX is mainly concentrated around $60,000, while the ETH GEX is mostly at $1700. The ETH Put/Call Ratio has risen to 1.29, indicating a significant increase in market hedging demand and heightened concerns about further decline. The current market focus remains on US stocks and tokenization of stocks. The overall performance of the crypto market in the third quarter may still face some pressure.