A significant event is unfolding in the cryptocurrency market as thousands of Bitcoin and Ethereum options expire today. On July 3, a total of 31,000 Bitcoin options with a notional value of $1.9 billion will come to an end, carrying a put-to-call ratio of 0.70 and a maximum pain price of $61,000.
In the same vein, 135,000 Ether options worth $230 million are also set to expire, boasting a put-to-call ratio of 1.29 and a maximum pain price of $1,650.
Traders will be closely watching for any short-term volatility as the market adjusts following this expiry.