Bitcoin: Options Expire at $80K Maxpain

Bitcoin traders watched 25,000 BTC options expire today with a put-call ratio of 0.59, maxpain at $80,000, and notional value hitting $2 billion, while Ethereum saw 274,000 ETH options lapse at a 0.4 ratio, maxpain of $2,300, and $620 million notional. BTC held range-bound near $80,000 this week, flashing clear support amid a quiet market phase with investor interest dipping low—only 6% of BTC options expired versus 11% for ETH. Implied volatility for major-term options dipped slightly from last week, but VRP climbed; Bitcoin's major-term IV sits around 35%, ETH near 50%, with short-term levels lower. Skew metrics dropped modestly across the board, volatility in Skew stayed ultra-low over the past month, and market sentiment lingers neutral amid rock-bottom options activity—open interest at 20% end-May and 30% end-June. In Q2 2026, Bitcoin delivered solid price action and sentiment boosts from favorable legal and policy shifts, plus macro improvements, yet overall enthusiasm underwhelmed expectations. Long-term positives keep BTC as the go-to asset; savvy players load up on extended options plays. This ties into broader Bitcoin price prediction trends, eyeing potential crypto market crash risks, while weaving in hype around TAO and BTC integrations for volatility hedges.