Crypto
Bitcoin Options Expiry Yields Record-Breaking Bullish Positioning
The Bitcoin options expiry on July 31 saw $9.6 billion in notional value, with a put-call ratio of just 0.28 - one of the lowest readings in recent memory.
This imbalance suggests that call buyers massively outnumbered put holders, leaving market makers positioned to absorb upside pressure rather than defend against a crash.
The Ethereum options expiry, on the other hand, showed a more balanced but still cautiously optimistic story, with a put-call ratio of 0.63 and a maximum pain point at $1,850.