Bitcoin and Ethereum in Focus as $2.1 Billion in Options Expire

According to Greeks Live, more than $2.1 billion worth of Bitcoin and Ethereum options contracts expired on June 19, marking a significant event in the cryptocurrency derivatives market.

Bitcoin accounted for the majority of expiring contracts, with 31,000 options worth $1.9 billion reaching maturity. The batch carried a put-call ratio of 0.78 and a maximum pain level of $65,000.

Ethereum followed with 138,000 options contracts valued at $230 million, posting a put-call ratio of 1.03 and a maximum pain point of $1,725.

The positioning data highlighted differing sentiment across the two assets. Bitcoin’s put-call ratio below 1 indicated a greater concentration of call options among the expired contracts, reflecting relatively stronger upside positioning. By comparison, Ethereum’s ratio near parity suggested a more balanced distribution between bullish and bearish expectations.

Now that the contracts have expired, associated hedging flows could begin to unwind, potentially easing some short-term market pressure. Traders are expected to closely monitor fresh options positioning and spot market activity for clues on the next move in both BTC and ETH.

Source: Greeks Live