21,000 BTC, 140,000 ETH Options Expiry

According to Greeks live, on July 19, 21,000 BTC options expired with a Put Call Ratio of 1.2, a maximum pain point of $62,000, and a notional value of $1.3 billion. 140,000 ETH options expired with a Put Call Ratio of 0.39, a maximum pain point of $3,150, and a notional value of $480 million. The crypto market rallied sharply this week, fueled by multiple positive news, with major term IVs rallying significantly, generally by more than 5% compared to a week ago.