Bitcoin and Ethereum Options Expiry Data Reveals Market Sentiment

Analysis of options expiry data from May 16th by BlockBeats’ analyst Adam reveals insights into market sentiment surrounding Bitcoin and Ethereum. According to the data, a total of 27,000 Bitcoin options expired with a Put Call Ratio of 1.03, a maximum pain point of $100,000, and a nominal value of $2.76 billion. Conversely, 220,000 Ethereum options expired with a Put Call Ratio of 1.36, a maximum pain point of $2,300, and a nominal value of $570 million. 27,000 Bitcoin and 220,000 Ethereum options are a significant portion of their respective open interest. These figures suggest limited profits despite positive market sentiment. The outlook for both Bitcoin and Ethereum is optimistic, however, short-term bullish positions remain limited. While Bitcoin’s realized volatility has fallen below 35% in the short term, indicating reduced price fluctuations, implied volatility for both assets remains low. This trend indicates a decline in volatility risk premium across all terms. The expiry volume represents less than 9% of the total open interest, and the majority of put options remain active this month.