According to PANews, data from Greeks.live indicates that on May 23, 2025, 25,000 Bitcoin options and 202,000 Ethereum options are set to expire. The maximum pain prices are $104,000 for Bitcoin and $2,450 for Ethereum, with a total nominal value of $2.81 billion and $570 million, respectively. The Put Call Ratios are 1.22 for Bitcoin and 1.26 for Ethereum. Despite Bitcoin reaching a historic high this week, the options market response remains subdued, with delivery volume accounting for less than 8% of total open interest. This suggests that crypto institutions have a moderate outlook for the future market.

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