The cryptography market will attend $ 11.4 billion in Bitcoin and Ethereum options today. This massive expiration could have an impact on short -term prices action, especially since the two assets have recently decreased.
The Bitcoin and Ethereum options expired this week are much higher than those last week, because today’s expired contracts are for the month.
May Options Expiration: more than $ 11 billion in Bitcoin and Ethereum contracts go bankrupt
In today’s expired options, Bitcoin contracts are estimated at $ 9.79 billion and Ethereum at $ 1.63 billion. With this, traders are preparing for potential volatility.
More specifically, the DRIBIT data displayed 92,459 Bitcoin options, against 25,438 last week.
These expired bitcoin options have a maximum price of pain of $ 100,000 and a space / call ratio of 0.89. This indicates a generally optimistic feeling despite the recent decline in assets.
In comparison, their Ethereum counterparts have a maximum price of pain of $ 2,300 and a 0.81 ratio, reflecting similar market prospects. The expired options of Ethereum total 623,949 contracts, against 25,438 contracts the previous week.
In the trading of crypto options, the Put-to-appeal ratios below 1 for Bitcoin and Ethereum suggest optimism on the market, with more Paris traders on price increases.
It should also be noted that calls dominate the total open interest for options expired both Bitcoin and Ethereum. More specifically, calls represent 48,888 for Bitcoin options against 43,571 for puts. Meanwhile, calls represent 343,937 for Ethereum options against 280,012.
“Calls dominate the OI to higher strikes, reflecting persistent interest, but with the cooling of volatility. What do you expect after expiration?” Deribit analysts posed.
However, it is imperative to be cautious due to the tendency of the expiration of options to cause market volatility.
Options are often caused short -term price fluctuations, creating market uncertainty. Meanwhile, Beincryptto data show that Bitcoin’s trading value dropped 1.43% to $ 106,122. On the other hand, the price of Ethereum is down 3.43%, now negotiating at $ 2,634.
Bitcoin and Ethereum show mixed signals before the expiration of options
In particular, today’s expired options occurred after the Bitcoin 2025 conference, the two -day event that ended on Thursday, May 29 in Las Vegas, Nevada.
Around this event, Greeks.live analysts indicate that cryptographic markets have entered a precarious maintenance model, contravening increased volatility.
While the price of Bitcoin remains more than $ 100,000, the feeling on the derivative markets indicates an increase in caution. Analysts note that despite the maintenance of the BTC, the traders actively give in the risk of decline.
“Group consensus is that if the purchase of pressure from the breaks” for a minute “, Bitcoin goes to Domb like a rock,” wrote Greeks.live.
The put / call ratio for delivery options has dropped, reflecting an increased request for protection put (sales). According to analysts, this suggests that many institutional actors remain on the sidelines despite recent heights.
Ethereum, meanwhile, has shown a relative force. Although its upward momentum has slowed down, implicit volatility (IV) remains high at around 70% in the short term, with prices up 3% in the medium and long term. The market seems to recalibrate the fair value of the ETH when it consolidates recent gains.
The global feeling leans Bearish, most of the merchants of private groups expecting a lively btc withdrawal. The dominant strategy focuses on loading Spreads.
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