$ETH Market Volatility: $3.4B $BTC & ETH Options Expire in Crypto Market!

Buckle up, crypto fans! On May 16, 2025, a massive amount of $3.4B in $BTC and ETH options expired, potentially igniting the market. U.Today reports $2.76B in $BTC options (27,000 contracts) and $570 million in ETH options (220,000 contracts) have been settled, stirring up volatility. The Put/Call ratio of $BTC is 1.03 suggesting cautious pessimism, with the maximum pain point at $100K—below its market price of $103.8K. $ETH, trading at $2,625, appears gloomier with a ratio of 1.36 and a maximum pain point of $2,300, putting pressure on short sellers. However, only 9% of $BTC options were exercised, indicating restraint from derivative products despite the noise. Volatility is cooling off—implied volatility of $BTC has dropped below 45%, and actual volatility reached 35%, easing the speculative frenzy. Technically, $BTC is breaking above key averages, while ETH breaks above the 200 EMA, signaling optimism. Bearish bets are collapsing, and with June data approaching, a profit-taking rally could push $BTC up to $120K and $ETH higher. No immediate explosion, but the stage is set!