quick take
- According to Deribit data as of May 23, Bitcoin has approximately 85,000 options waiting to expire on May 26.
- Bitcoin’s put-to-call ratio is 0.38, but the maximum pain price is $27,000.
- Expiring bitcoin contracts are worth about $2.3 billion.
- According to Deribit data as of May 23, Ethereum has a put-to-call ratio of 0.49, with about 700,000 options expiring on May 26.
- This gives a notional value of just over $1.3 billion, with a maximum pain price of $1,800.
- Expect short-term volatility in the cryptocurrency market.
The post first appeared on CryptoSlate with over $2.2 billion in Bitcoin options expiring on May 26th.
