【May 30 Options Expiration Data】

93,000 BTC options expired, Put Call Ratio is 0.89, maximum pain point is $100,000, notional value is $9.79 billion.

624,000 ETH options expired, Put Call Ratio is 0.81, maximum pain point is $2,300, notional value is $1.62 billion.

This week, Bitcoin mainly experienced fluctuations, while Ethereum was relatively strong, with a continued rebound lasting for two weeks. According to the main expiration data, the market remains relatively optimistic about BTC's recent breakthrough to new highs, as the Put Call Ratio for expirations is decreasing. The price above $100,000 has persisted throughout the first half of the year, and recently, deeply out-of-the-money transactions have gradually increased. The upward momentum of ETH has begun to slow down, and the market has re-evaluated ETH's price and volatility, with a slight overall increase, a medium to long-term rise of about 3%, and short-term implied volatility consistently maintained at 70%.

The expiration volume is less than 8% of the total open interest, and this ratio is continuously decreasing. Crypto institutions have not reacted much to Bitcoin's new highs, and expectations for recent surges are relatively low, with more anticipation of steady and moderate increases.