Insights

Over $2.2B worth of options for Bitcoin set to expire on May 26

exchange68September 13, 2024

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Quick Take

Bitcoin has roughly 85,000 options awaiting expiry on May 26, according to Deribit data as of May 23.
Bitcoin has a 0.38 Put Call Ratio, whereas the max pain price is $27,000.
The Bitcoin contracts up for expiry are valued at around $2.3 billion.
Ethereum has a Put Call Ratio of 0.49, with approximately 700,000 options expiring on May 26, according to Deribit data as of May 23.
This puts a notional value of just over $1.3 billion, with a max pain price of $1,800.
Short-term volatility is expected in the crypto markets.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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