The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit.
Approximately $2.7 billion in Bitcoin and Ether options are set to expire on May 24, providing valuable insights into the crypto market sentiment.
According to a post by Greeks.live on X, 21,000 Bitcoin (BTC) options are about to expire with a put/call ratio of 0.88. This indicates a near-even balance between buyers and sellers, with a slight tilt toward call options.
Meanwhile, the maximum pain point, which is the price at which most option buyers would suffer losses, is $67,000, representing a nominal value of $1.4 billion.
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Source: https://cointelegraph.com/news/crypto-options-expiry-insights-btc-eth