On May 16, 2025, significant options expiries occurred in the cryptocurrency markets, impacting both Bitcoin and Ethereum with substantial financial involvement. According to Greeks.live, these expirations resulted in a notional value of $3.33 billion for Bitcoin and $570 million for Ethereum, highlighting their continued influence on market dynamics. Analysts indicate that these expirations led to slight bearish sentiment across both markets. 27,000 Bitcoin options expired with a put-call ratio of 1.03 and a notional value of $2.76 billion. 220,000 Ethereum options also saw significant movement, expiring with a put-call ratio of 1.36 and a notional value of $570 million. These movements triggered cautious trading strategies as participants sought to hedge against price volatility.