Volatility Vortex: $3.4B $BTC & $ETH Options Expiry Shakes Crypto!

Buckle up, crypto fans! On May 16, 2025, a massive $3.4B in $BTC and $ETH options expired, potentially lighting a fuse under the market. U.Today reports $2.76B in $BTC options (27,000 contracts) and $570M in $ETH options (220,000 contracts) settled, stirring volatility vibes. $BTC’s Put/Call ratio of 1.03 hints at cautious bearishness, with a max pain point at $100K—below its $103.8K spot price. $ETH, trading at $2,625, looks gloomier with a 1.36 ratio and $2,300 max pain, squeezing short traders. Yet, only 9% of $BTC options were exercised, showing derivatives restraint despite the hype. Volatility’s cooling—$BTC’s implied volatility dipped below 45%, and realized volatility hit 35%, easing speculative fever. Technically, $BTC rides above key averages, while $ETH smashes its 200 EMA, flashing bullish signals. Bearish bets are crumbling, and with June data looming, a short-covering rally could ignite $BTC to $120K and $ETH higher. No instant boom, but the stage is set! 🚀 #Crypto