$1.2 billion worth of Bitcoin (BTC) options are set to expire, while Ethereum (ETH) put positions have remained at high levels for a consecutive month.
Crypto analytics platform Greeks.live reported that on July 17, 19,000 BTC options expired, with a Put-Call Ratio (PCR) of 0.9, a max pain point of $63,000, and a nominal value of around $1.2 billion. Meanwhile, 123,000 ETH options expired, with a PCR of 1.61, a max pain point of $1,800, and a nominal value of roughly $230 million. In terms of market performance, BTC has continued to fluctuate above $60,000 this week, having traded in the $60,000 to $65,000 range for over a month. Sharp swings in U.S. equities (SpaceX and storage sectors) have not yet had a noticeable impact on the crypto market. Looking at options positions, around 5% of options expired this week, leading to a slight drop in overall open interest, mainly due to low market volatility and reduced trading opportunities. BTC’s Gamma Exposure (GEX) is mainly concentrated around $64,000 and $70,000. ETH’s GEX is primarily in the $1,825 to $2,000 range, with a relatively dispersed distribution. Some traders have started positioning for a rebound via slightly out-of-the-money options. The proportion of large bullish trades has continued to rise recently, dominated by short-term bull spread buying strategies. Notably, ETH’s Put-Call Ratio has stayed above 1 for a consecutive month, hitting 1.61 this week. The high proportion of put options outstanding reflects clear market divergence on ETH’s future outlook, with intensified bull-bear rivalry.
6 minutes ago
A certain whale has continuously withdrawn 50,000 ETH from Coinbase Prime, valued at approximately $95.4 million.
According to monitoring by OnchainLens, a whale that previously held 10,000 ETH continues to accumulate Ethereum through its Coinbase Prime account. After withdrawing 30,000 ETH yesterday, the whale pulled an additional 20,000 ETH today, valued at roughly $37.7 million. To date, the total amount of ETH withdrawn from Coinbase Prime by this whale has reached 50,000, with a total value of approximately $95.4 million.
6 minutes ago
Robinhood plans to set up an employee fund for its staff, which will invest in assets such as stocks and real estate.
According to official sources, Robinhood is seeking approval from the U.S. Securities and Exchange Commission (SEC) to establish a special investment fund for its employees, named the "Robinhood Employee Fund". The fund allows employees to pool their capital for collective investment in stocks, real estate, and other asset classes. Robinhood stated that the primary purpose of setting up the fund is to enhance its competitiveness in recruiting and retaining talent. Since investment funds are typically subject to strict regulation to protect investor interests, Robinhood is requesting the SEC to grant exemptions from certain relevant rules, while committing to complying with core requirements such as anti-fraud and auditing. Currently, large financial institutions including Goldman Sachs, Blackstone, and KKR also operate similar employee investment funds. Robinhood aims to provide employees with comparable investment opportunities by establishing an internal investment tool.
6 minutes ago
Storage chip stocks have suffered sharp declines in recent days, with a semiconductor giant’s 4 million position on the verge of liquidation.
According to Hyperinsight monitoring, the whale wallet starting with 0x0c349 currently only holds two 10x isolated long positions: SK Hynix (SKHX) and Micron Technology (MU). Amid this week’s consecutive plunge in the storage sector, both positions are nearing liquidation lines, with cumulative losses on these two longs totaling approximately $1.461 million.
Position details: SK Hynix (SKHX, 10x isolated): current price ~$1,166.1, just ~5.9% away from its liquidation price of ~$1,097; Micron Technology (MU, 10x isolated): current price ~$824.1, ~5.1% away from its liquidation price of ~$782. The combined value of the two long positions is ~$4.042 million.
Facing the approaching liquidation threshold, the whale reduced both positions for stop-loss this morning, realizing a total loss of ~$162,000. Adding the realized loss to the total, cumulative losses now stand at ~$1.461 million, marking the latest large-scale near-liquidation case on Hyperliquid.
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6 minutes ago
Australia will scrap the 50% capital gains tax discount for long-held crypto assets, with the new rules set to take effect in July 2027.
According to Forbes, Australia is set to implement major changes to its capital gains tax (CGT) regime, impacting long-term investors including those in cryptocurrency. The current 50% CGT discount for assets held for more than 12 months will be scrapped effective July 1, 2027. The new regime will replace the existing discount with two measures: cost-base indexation and a minimum 30% CGT rate. Cost-base indexation allows investors to adjust an asset’s original cost upward to account for inflation, reducing paper gains driven by rising prices, while the new rules set a minimum 30% tax rate on capital gains. Under the transition arrangement, capital gains realized before July 1, 2027 will generally remain eligible for the old regime’s 50% discount. Gains realized after that date will fall under the new tax rules, meaning long-held crypto assets may require separate calculations for gains accrued in the two periods. Australian crypto investors are advised to organize their transaction records, cost bases, and asset valuations as of the 2027 transition date in advance to accurately separate gains under the old and new tax systems. Additionally, some long-term holders may need to evaluate selling their assets before the new rules take effect to take advantage of the current tax benefits.
6 minutes ago
Three men in the UK have been sentenced for cryptocurrency fraud, with the total amount involved exceeding £4 million.
UK police have announced that three men have been sentenced to prison for their involvement in a cryptocurrency fraud scheme, which saw the gang steal over £4 million (approximately $5.4 million) worth of crypto assets from victims. Investigations revealed the group posed as police officers, luring victims to visit fake police websites. After victims operated on the fraudulent sites, scammers obtained their cryptocurrency wallet details, transferred the assets, and laundered the funds through a complex financial network. UK police noted that this case further underscores the risks of social engineering attacks and impersonation tactics in crypto fraud, reminding users to stay vigilant and avoid entering wallet or account information on unvetted websites.
6 minutes ago