BTC and ETH Options Expiration Surges 9% with $2.4B Notional Value

Over $2.4 billion in BTC and ETH options expire, with BTC PCR at 0.26 and ETH at 0.77. Low put holdings suggest limited downside hedging amid scattered Gex values.

Woofun AI data shows that 32,000 BTC options and 177,000 ETH options expired this week, totaling a notional value exceeding $2.4 billion. The BTC Put Call Ratio stood at 0.26 with a maximum pain point of $64,000, while the ETH PCR was 0.77 with a maximum pain point of $1,900.

This expiration cycle accounted for 9% of total options, driven largely by out-of-the-money call positions. Put option holdings remained minimal, resulting in scattered Gex values. BTC price action has hovered near $64,000, a zone of high historical trading activity, while global market focus remains outside the cryptocurrency sector.