Woofun AI data shows that 19,000 BTC options expired on July 17 with a notional value of approximately $1.2 billion, recording a Put Call Ratio of 0.9 and a max pain point of $63,000. Simultaneously, 123,000 ETH options expired with a notional value of around $230 million, a PCR of 1.61, and a max pain point of $1,800.

BTC prices remained within the $60,000 to $65,000 range, while overall open interest declined slightly due to reduced volatility. BTC Gamma Exposure concentrated near $64,000 and $70,000, whereas ETH exposure dispersed between $1,825 and $2,000 as traders utilized shallow out-of-the-money options. The ETH Put Call Ratio has exceeded 1 for one month, reflecting persistent bearish positioning.