Bitcoin rally stalls after massive $9.6B options expiry

Bitcoin and Ether options with a combined notional value of about $10.43 billion expired on July 31, placing the $64,000 Bitcoin level at the center of the monthly settlement. Summary 149,000 Bitcoin options worth $9.6 billion expired with max pain concentrated at the $64,000 level. 435,000 Ether options worth $830 million expired with a 0.63 put-call ratio and $1,850 max-pain. Low implied volatility and uneven inflows kept Bitcoin near $64,000 despite call-heavy monthly positioning overall. Greeks.live reported that 149,000 Bitcoin options worth $9.6 billion expired with a 0.28 put-call ratio and $64,000 max pain. Another 435,000 Ether options worth $830 million expired with a 0.63 ratio and $1,850 max pain. Deribit’s monthly options settle at 08:00 UTC on the final Friday of each month. Shortly after settlement, Bitcoin traded near $63,824, while Ether changed hands around $1,891. Neither asset recorded an immediate break from its recent range. July 31 Options Data149,000 BTC options expired, with a put-call ratio of 0.28, a maximum strike price of $64,000, and a notional value of $9.6 billion.435,000 ETH options expired, with a put-call ratio of 0.63, a maximum strike price of $...