Quick Take
- Bitcoin has approximately 85,000 options awaiting expiry on May 26, according to Deribit data as of May 23.
- The leading crypto currently has a 0.38 Put Call Ratio, whereas the maximum pain point is near the $27.0K mark.
- Converting the contracts in dollars results in a substantial figure. The BTC contracts up for expiry are valued at around a staggering $2.2B.
- Ethereum has a Put Call Ratio of 0.49, with approximately 700,00 options expiring on May 26, according to Deribit data as of May 23.
- This puts a notional value of just over $1.2B, with a max pain price of $1,800.
- Short-term volatility is expected for both BTC and ETH price action and will have a ripple effect on the entire industry.
The post Over $2.2B worth of options for Bitcoin set to expire on May 26 appeared first on CryptoSlate.
