Data: Bitcoin and Ethereum options with a nominal value of 2.13 billion USD are set to expire and settle

According to Greeks.live, options delivery data shows that 31,000 BTC options are expiring, with a Put Call Ratio of 0.7, a maximum pain point of $61,000, and a nominal value of $1.9 billion. 135,000 ETH options are expiring, with a Put Call Ratio of 1.29, a maximum pain point of $1,650, and a nominal value of $230 million.

Analysis indicates that Bitcoin has once again reclaimed the key integer level of $60,000 this week, but the long-term downtrend has not yet ended. The selling pressure from MicroStrategy and ETFs has completely changed market consensus, with the largest buyers becoming sellers, which is a signal of accelerated decline in any market's transition from bull to bear. From the main options data, over 8% of options are expiring this week, with BTC GEX distribution concentrated at $60,000 and ETH GEX distribution concentrated at $1,700. This week, the Put Call Ratio for ETH reached 1.29, with a high proportion of put options, indicating strong market demand for hedging and significant concerns about further declines.

Recently, market hotspots have focused on U.S. stocks, while the cryptocurrency sector's hotspots are in the tokenization of U.S. stocks. The renewed interest in AI and semiconductors taking time to transmit to the crypto space suggests that the crypto market outlook for Q3 is not optimistic.