๐ฃ ๐๐.๐๐ ๐ข๐ง ๐๐ข๐ญ๐๐จ๐ข๐ง & ๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ ๐๐ฉ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ฑ๐ฉ๐ข๐ซ๐ ๐๐จ๐ฆ๐จ๐ซ๐ซ๐จ๐ฐ โ ๐๐๐ ๐๐๐ฑ ๐๐๐ข๐ง: $๐๐๐๐!
โฌ Massive Options Expiry Ahead ๐
Over $11.7B in BTC & ETH options are set to expire on May 30 at 16:00 UTC, according to Deribit. Here's the breakdown:
๐ธ Bitcoin options: $10.03B
๐ธ Ethereum options: $1.67B
๐ธ Total: $11.7B+
โฌ Key Metrics to Watch
๐ Put/Call Ratios
โ BTC: 0.87
โ ETH: 0.83
โก๏ธ Indicates slightly more bullish bets than bearish
๐ Max Pain Price
โ BTC: $100,000
โ ETH: $2,300
(Max pain = price at which most options expire worthless)
โฌ Market Outlook ๐งญ
๐น Calls dominate at higher strike prices
๐น Traders still betting on upside, despite lower volatility
๐น Expiry could cause short-term volatility spikes, especially if prices near max pain zones
๐ Bottom Line: $11.7B in expiring crypto options could spark price swings, with BTCโs $100K max pain point looming large. Keep an eye on volatility as we approach the May 30 expiry window.