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(1) Barclays rate strategists stated that if the US-Iran agreement holds, the summer environment will be favorable for arbitrage trades in Eurozone government bonds. (2) On the supply side, a seasonal slowdown is expected, and issuance volumes will remain controlled even after the summer. Strategists expect the total issuance in September to be about 140 billion euros (well below January’s nearly 200 billion), with net issuance around 60 billion euros (also far below January's approximately 130 billion). (3) The significant decrease in issuance compared to the beginning of the year is mainly because most of the syndicated bond supply expected for 2026 has already been largely completed.

BlockBeats News, June 19th, Macro Researcher Adam from Greeks.live released options expiration data showing that approximately 31,000 BTC options expired today, with a Put/Call Ratio of 0.78. The maximum pain price was $65,000, with a notional value of approximately $1.9 billion. Additionally, around 138,000 ETH options expired, with a Put/Call Ratio of 1.03. The maximum pain price was $1,725, with a notional value of around $230 million. Adam stated that although Bitcoin briefly rebounded to around $67,000 this week, the upward momentum was clearly insufficient. Under institutional selling pressure, the market's buying capacity was limited. Both BTC and ETH are currently trading below their maximum pain prices and oscillating around this range. Looking at the options structure, this week's expirations accounted for about 6.5% of the total open interest, which is lower than the previous week and mostly within the recent average range. However, the next week will see the quarterly expiration, with around 15% of open positions expiring. As the price stabilizes, Gamma Exposure (GEX) is primarily concentrated in the $60,000 to $63,000 range. These positions will expire over the next two weeks, influencing released margins or implied volatility (IV). Furthermore, the Skew indicator remains negative, indicating that the market is still guarding against downside risks. Adam believes that MicroStrategy's continuous selling of coins and its discount issue have significantly dampened market confidence, increasing the difficulty of fund inflows. Overall, the market sentiment remains relatively subdued.

According to ChainCatcher, citing data from Greeks.live, BTC and ETH options with a total notional value of 2.13 billion USD are set to expire. Of these, 31,000 BTC options will expire, with a Put Call Ratio of 0.78, the largest pain point at 65,000 USD, and a notional value of 1.9 billion USD; 138,000 ETH options will expire, with a Put Call Ratio of 1.03, the largest pain point at 1,725 USD, and a notional value of 230 million USD.