More than 166,000 BTC and ETH options worth $2.13 billion are set to expire

Odaily Planet Daily reports that Adam, a macro researcher at Greeks.live, said on X that options expiry data for July 3 shows 31,000 BTC options expiring, with a put/call ratio of 0.7. The largest open interest is at $61,000, and the notional value totals $1.9 billion. On the ETH side, 135,000 options are set to expire, with a put/call ratio of 1.29. The largest open interest sits at $1,650, with notional value of $230 million. Bitcoin regained the key psychological level of $60,000 this week, though the longer-term downtrend remains intact. Selling pressure from systematic strategies and ETFs has weighed on sentiment, with the market's biggest buyers now turning into sellers. Greeks.live data indicates that more than 8% of outstanding options expire this week. BTC GEX is concentrated around $60,000, while ETH GEX is centered near $1,700. ETH's put/call ratio climbed to 1.29 this week, signaling a higher share of put positioning and a rise in risk-off sentiment. Market attention has recently shifted to U.S. equities. While tokenized U.S. stocks are gaining traction in crypto, interest in AI and semiconductors is still rotating back toward the crypto market and may take time to fully translate into renewed focus.