Bitcoin faces $62K max pain as $1.75B crypto options expire
The post Bitcoin faces $62K max pain as $1.75B crypto options expire appeared on BitcoinEthereumNews.com. Bitcoin and Ethereum options worth about $1.75 billion expired on July 10 as traders maintained a cautious view of the crypto market. Summary Bitcoin options worth $1.5 billion expired as traders watched the key $62,000 maximum pain level. Ethereum’s 1.26 put-call ratio reflected unusually high demand for downside protection during the weekly expiry. Institutional traders sold short-term calls, suggesting limited confidence in a sustained crypto market rally ahead. According to data shared by Greeks.live, about 23,000 Bitcoin options expired with a notional value of $1.5 billion. The contracts had a put-call ratio of 0.97 and a maximum pain level of $62,000. Meanwhile, 140,000 Ethereum options expired with a notional value of $250 million. The ETH contracts carried a put-call ratio of 1.26 and a maximum pain level of $1,700. Bitcoin options traders limit short-term upside Bitcoin r