20,000 BTC and 96,000 ETH Options Expire With $1.47B Notional Value

Massive options expiry looms with $1.29B in BTC and $180M in ETH contracts. Max pain sits at $64k for BTC and $1,900 for ETH amid record-low volatility.

Woofun AI data shows that 20,000 BTC options are scheduled to expire, carrying a notional value of $1.29 billion, a Put Call Ratio of 0.84, and a maximum pain point of $64,000. Simultaneously, 96,000 ETH options will expire with a notional value of $180 million, a Put Call Ratio of 0.95, and a maximum pain point of $1,900.

Bitcoin has traded within the $64,000 range this week, exhibiting narrowing fluctuations as realized volatility dropped to 25%, an all-time low. The asset has broken below previous lows from late October, late January, and early June. Implied volatility has also declined to levels observed at the beginning of last October, indicating extreme compression in market sentiment.