Bitcoin, altcoins stand tall despite options expiry pressure

Blockchain Crypto Market Cryptocurrency
May 26, 2023 by CoinSurges
26
Quick Take Bitcoin and Ethereum held firm on a massive options expiry on May 26, according to Deribit data Over $22 billion worth of options expired on May 26 for Bitcoin Despite this significant

Quick Take

  • Bitcoin and Ethereum held firm on a massive options expiry on May 26, according to Deribit data.
  • Over $2.2 billion worth of options expired on May 26 for Bitcoin. Despite this significant event, the currency held firm above $26,300.
  • The Bitcoin put-to-call ratio was 0.38, with max pain at $27,000.
  • While the options on Ethereum saw an options expiry of a notional value of $1.3 billion.
  • Ethereum had a put-to-call ratio of 0.49, with a max pain price of $1,800.
  • Looking ahead to June, we anticipate a notional value of over $3B in options expiry, with a max pain price of $24,000. This notional value is slightly higher than the May expiration
June Expiration: (Source: Deribit)
June Expiration: (Source: Deribit)

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