Crypto Market Recovery in Focus as Bitcoin, ETH & XRP Options Expire Today

Crypto market recovery signs are flashing amid July seasonality and rising liquidity. Bitcoin (BTC), Ethereum (ETH), and XRP prices have already rebounded significantly ahead of options expiry today.

BTC price has surged more than 6% to $62K since CoinGape predicted bullish crypto market reset for recovery last week. Over the last 24 hours, the crypto market saw nearly $300 million in short liquidations after US nonfarm payrolls came below expectations.

Over $2.2 Billion in Bitcoin, ETH, XRP Options Expiry Today

According to Deribit data, $1.9 billion in Bitcoin options with a put/call ratio of 0.70 are expiring today, July 3. The max pain price is $61,000, below the current $61,626 market price.

Deribit data shows a higher probability of expiring above $61,500 strike price. Moreover, options traders are betting on $64K, $66K and $70K call options for upcoming weekly and monthly expiries.

In the last 24 hours, call options trading volume is higher than put options and has a bullish put/call ratio of 0.75. Falling implied volume and rising 25-delta skew indicate a transition from panic to stability, signaling a potential crypto market recovery.

Meanwhile, $230 million in ETH options to expire today, with a put/call ratio of 1.29. However, the put/call ratio has decreased to 1 as bulls open calls for a $2,500 strike price in September.

The max pain price is $1650, below the current Ethereum price of $1713. Deribit data shows a 91% odds of Ethereum expiring above $1700.

XRP options of notional value $3.7 million are set to expire today, with a put/call ratio of 1.06. The max pain price is $1.06, with Deribit data suggesting a $1.14 target by July-end amid broader crypto market recovery.

XRP price is currently trading at $1.10, up 5% over the past 24 hours. The recovery followed US jobs data that raised hopes of a Fed rate cut.

Analysts Predict Crypto Market Recovery

Bitcoin price is trading above the 7-day moving average, but still below the 30-day moving average. 10x Research pointed out that heavy supply pressure mounted when the Winklevoss Twins transferred Bitcoin and ETH worth $67 million to Gemini crypto exchange to secure profits.

However, a sudden buying spree by long-term holders helped establish a firm price floor. This happened after Fed Chair Kevin Warsh declined to signal imminent interest rate hikes.

Markus Thielen from 10x Research said “July has historically been Bitcoin’s strongest month, averaging +9.1% returns, before the market typically flattens out through August and September.”

The latest Bitcoin rebound from $58K to nearly $62K comes amid support from derivatives traders. BTC, ETH, and XRP futures open interest have climbed massively in the past 24 hours.

Analyst Cheds Trading noted Bitcoin price recovery, but warned about a hidden bearish divergence with RSI on the daily timeframe. Bitcoin price faces local resistance at the $62.5K zone, which is near the key 200-week moving average.

If you’re looking to buy the dip in the crypto market across both centralized and decentralized lending models, check out our Best Crypto Loan Platforms of 2026 recommendations list.