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Bitcoin and Ether options expiry highlights strong demand for downside protection near key price levels.

Market News
03 Jul 2026
Crypto news
View Source
Bearish
pluang ai news

On July 3, 31,000 Bitcoin options contracts worth about $1.9 billion and 135,000 Ether options contracts worth $230 million expired, showing strong demand for downside protection especially in Ether with a put-call ratio of 1.29. Bitcoin's key support level remains around $60,000, with traders focusing on short-term downside risk rather than long-term changes. Despite Bitcoin reclaiming $60,000, weak ETF flows and cautious derivatives positioning keep the crypto market outlook for Q3 under pressure, with selling from large holders and ETFs continuing. The options data suggest that price action will likely stay tied to key strike levels in the near term as traders hedge against potential declines.

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RENK agrees to acquire UK-based David Brown Defence, boosting naval defense portfolio and future orders.

RENK agrees to acquire UK-based David Brown Defence, boosting naval defense portfolio and future orders.

RENK Group AG, through its subsidiary RENK GmbH, has signed a binding agreement to acquire David Brown Defence, a UK company specializing in high-precision gearboxes for naval and land defense. This acquisition will strengthen RENK's naval sector por...

Company Fundamentals
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RENK Group acquires David Brown Defence to boost marine defense portfolio and secure future contracts.

RENK Group acquires David Brown Defence to boost marine defense portfolio and secure future contracts.

RENK Group AG, through its subsidiary RENK GmbH, has signed a binding agreement to acquire David Brown Defence, a UK-based company specializing in precision gearboxes for marine and land defense. This acquisition enhances RENK's marine sector portfol...

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Crypto market faces sharp June correction amid macro uncertainty and institutional fund shifts.

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In June 2026, the cryptocurrency market experienced a significant correction driven by macroeconomic factors, with Bitcoin and Ethereum prices dropping over 20%. Institutional investors pulled approximately $4.5 billion from U.S. spot Bitcoin ETFs, m...

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Bekaert repurchases 50,043 shares worth nearly €2M in latest buyback tranche

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Sigenergy launches SigenStor Neo, an AI-powered home energy system for total energy independence.

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Sigenergy has introduced SigenStor Neo, a next-generation all-in-one residential energy storage system designed to provide complete energy independence. The system integrates five core components into one unit and supports dynamic electricity pricing...

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