Approximately $2.7 billion in Bitcoin and Ether options are set to expire on May 24, offering key insights into market sentiment. According to Greeks.live on X, 21,000 Bitcoin options are expiring, with a put/call ratio of 0.88. This shows a near-even balance between buyers and sellers, with a slight lean towards call options. The maximum pain point, or the price at which most option buyers would incur losses, is $67,000, totaling a nominal value of $1.4 billion. While the upcoming 21,000 contract expiry is significant, it is overshadowed by a larger event on May 31, when $4.3 billion worth of
