BlockBeats News, June 27th, HTX Researcher Chloe stated that today over $150 billion worth of BTC options and $23 billion worth of ETH options will expire en masse (Source: Deribit & Crypto.ro). The major pain points for BTC and ETH are at $102,000 and $2,200 respectively, with Put/Call ratios of 0.74 and 0.52. High leverage and concentrated rollover operations may exacerbate short-term volatility, but the market remains optimistic about bullish options at $110,000 and $120,000.
Meanwhile, the CryptoQuant Demand Power Index has hit a historical low, despite the GENIUS Act and intensive stablecoin policies in Hong Kong being released. Prices are still constrained by upward pressure; implied volatility is rising, active buying of put options reflects investors' escalating precautions against downside risks.
On-chain, Binance's June BTC inflow has dropped to 5,700 coins; GameStop raised $450 million to acquire 4,710 BTC, Metaplanet added 1,234 coins to their holdings, which now total 12,345 coins. On the regulatory front, the U.S. FHFA plans to include exchange platform holdings in mortgage risk assessment, while the SEC is expediting its review of the Bitcoin ETF's physical creation/redemption mechanism.
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