Bitcoin Options Expired, Eyes on Trump’s Tariffs 

Trump’s customs tariff pause will end on July 9, causing concern among crypto investors. On Friday, approximately 139,392 Bitcoin options worth around $17 billion expired. According to Deribit data, the put-call ratio was measured at 0.74. This ratio indicates that the market remains bullish. The max pain point was at $102,000. 

Despite these developments, Bitcoin held steady at the $107,500 level. However, altcoins such as Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) lost between 2% and 5% in value. Investors believe the resistance at the $110,000 level is particularly strong. Data from Greek.Live showed mixed momentum signals in the market. Investors preferred to stay in profit or breakeven positions, increasing uncertainty in the market. 

How Will New Trade Agreements Affect Crypto? 

U.S. President Donald Trump and U.S. Trade Secretary Lutnick officially signed the U.S.-China trade agreement. This development temporarily eased global trade tensions. The new deal includes the relaxation of tariffs in certain sectors. If the Trump administration does not extend the 90-day customs tariff exemption, tariffs of up to 50% will be applied to the European Union. Additionally, country-specific “reciprocal tariffs” will come into effect. A general global tariff of 10% is also planned. 

This situation will continue to impact the crypto market, as investors may shift to less risky assets in response. However, some experts argue that such macroeconomic pressures could strengthen crypto in the mid-term. Arthur Hayes stated that developments like the SLR exemption and the GENIUS Stablecoin Act will have a positive long-term effect on digital assets. According to Hayes, Bitcoin may approach an all-time high. 

In addition, institutional interest in Bitcoin is growing through ETFs. This week, BlackRock’s IBIT product saw inflows exceeding $1.7 billion, indicating strong institutional support. 

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