Bitcoin, altcoins stand tall despite options expiry pressure

quick take

  • Bitcoin and Ethereum remained strong even as large options expired on May 26, according to the report. Debit data.
  • Bitcoin options worth $2.2 billion expired on May 26. Despite this momentous event, the currency remained strong above $26,300.
  • Bitcoin’s put-to-call ratio was 0.38, with the biggest pain at $27,000.
  • Ethereum options, on the other hand, experienced option expiry with a notional value of $1.3 billion.
  • Ethereum had a put-to-call ratio of 0.49 and a maximum payout price of $1,800.
  • Heading into June, we expect option expiry notional value to exceed $3 billion, with a maximum pain price of $24,000. This price is slightly higher than the notional amount and slightly higher than the May maturity.
Expires in June: (Source: Deribit)

After Bitcoin, altcoins stand tall despite options expiry pressure. First appeared on CryptoSlate.

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