Crypto Market Cap Tops $4T: Will $5B in BTC Options Ignite Another Up?

Key Points

1. 41,500 Bitcoin options contracts will expire on July 18, with a put/call ratio of 0.69 and a max pain point of $113,000, $7,000 below current spot prices.

2. The House passed the GENIUS and CLARITY Acts, boosting market sentiment despite Bitcoin cooling from its all-time high.

3. Open interest for Bitcoin options is highest at $120,000, with significant interest at $130,000 and $140,000 strike prices.

4. 243,000 Ethereum options contracts are expiring with a notional value of $750 million, a max pain point of $2,900, and a put/call ratio of 1.0.

5. Bitcoin is trading at $120,700, 2% below its all-time high, while Ethereum surged 8% to $3,600, driven by ETF inflows and treasury activities.