Greeks.Live analyst Adam provided analysis on social media for the options expiry data of June 6, as reported by BlockBeats. 31,000 Bitcoin options expired with a Put Call Ratio of 0.71, a maximum pain point of $105,000, and a nominal value of $3.18 billion. Another 241,000 Ethereum options expired with a Put Call Ratio of 0.63, a maximum pain point of $2,575, and a nominal value of $590 million.
During the week, the market was for most times in volatile conditions. There was a major crash last night after the scandalous fight between U.S. President Donald Trump and Elon Musk, which resulted in a significant drop in Tesla’s share, affecting the U.S. stock market as well as the crypto market. The options expiry information shows that the expiry volume at around 10% of the open interest marked a turnaround after weeks of drop. In addition, various large orders this week caught attention, showing active market conditions.
Generally, crypto institutions have moderate expectations for Bitcoin’s quick short-term price appreciation, with greater expectation of a moderate long-term appreciation.
