A total of 31,000 Bitcoin options with a notional value of $1.9 billion expired on July 3, with a put-to-call ratio of 0.70 and a maximum pain price of $61,000. Meanwhile, 135,000 Ether options worth $230 million also expired, with a put-to-call ratio of 1.29 and a maximum pain price of $1,650. Traders will watch for any short-term volatility as the market adjusts following the options expiry.
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