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BTC $63,227.60 +0.80%
ETH $1,704.61 +0.05%
BNB $579.85 +0.54%
XRP $1.12 -0.90%
SOL $69.22 -0.15%
TRX $0.3230 +0.83%
DOGE $0.0830 -0.06%
ADA $0.1612 -0.80%
BCH $197.30 -0.33%
LINK $7.91 -0.65%
HYPE $69.90 +3.62%
AAVE $72.79 -1.49%
SUI $0.7113 -1.56%
XLM $0.2179 -6.74%
ZEC $463.20 +1.57%

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Data: Bitcoin's June pullback triggered $8.6 billion in options becoming out of the money, with 80% of positions nearing expiration becoming ineffective or amplifying volatility

Market data platform Deribit shows that as Bitcoin continues to decline in June, the options market set to expire this month has experienced a significant imbalance, with approximately $8.6 billion nominal value of BTC options in an out-of-the-money (OTM) state, facing the risk of expiring worthless.Data indicates that among the approximately $10.6 billion in open options contracts expiring on June 26, only about 20% are in-the-money (ITM), while the remaining 80% are currently at a loss. Analysts point out that this structural imbalance may trigger concentrated hedging adjustments by market makers and traders before expiration, thereby amplifying short-term market volatility.The current maximum pain price is approximately $74,000, which is about 14% higher than Bitcoin's current price of around $65,000. Theoretically, this price level means that the maximum number of options contracts will expire worthless, potentially creating an upward pull on prices as expiration approaches, although the effectiveness of this mechanism in the crypto market remains controversial.Additionally, the bullish and bearish structures in the options market are relatively close, with a Put/Call ratio of about 0.87, indicating increased divergence in market sentiment. Approximately $450 million in positions are concentrated in $60,000 put options, while $80,000 call options also form a key resistance level of about $406 million.Analysts believe that as the quarterly expiration approaches, concentrated exercising and hedging adjustments may become important driving factors for short-term price volatility, and Bitcoin may face a more intense directional choice window.

Sensor Tower 2026 AI Report: ChatGPT's market share falls below 50% for the first time, industry accelerates shift towards commercial monetization

According to the latest "2026 Artificial Intelligence Status Report" released by Sensor Tower, as users migrate between different AI assistants, ChatGPT's global market share fell below 50% for the first time at the end of May this year, dropping to 46.4%. Nevertheless, ChatGPT remains the global leader with over 1.1 billion monthly active users (MAU); Google Gemini and Claude under Anthropic follow closely, occupying 27.7% (662 million MAU) and 10.3% (245 million MAU) of the market share, respectively.The report points out that as the growth rates of downloads and spending slow down, the AI industry is shifting from pure user expansion to commercial monetization. It is expected that in the first half of 2026, global AI app downloads will approach 2.3 billion, and total user spending will exceed $4.2 billion. In terms of paid subscriptions, Claude stands out with a leading industry conversion rate of 13%.In addition, the commercialization paths of AI platforms are becoming increasingly diverse. Since February of this year, ChatGPT has been testing its advertising business, and as of May, about 17% of daily active users have been shown ads, primarily focused on software and shopping. At the same time, the role of AI assistants in e-commerce guidance is becoming more prominent, profoundly influencing consumer purchasing behavior and the traffic distribution of major retail platforms.
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