Approximately $6.25 billion worth of Bitcoin options are scheduled to expire on May 29 on the Deribit exchange. Key resistance levels are identified at $75,000 and $80,000, with the highest concentration of put options at the $75,000 strike price, valued at $394 million. Meanwhile, call options dominate at the $80,000 strike price with a nominal value of $532 million. The current put/call ratio stands at 0.86, indicating a cautiously bullish market sentiment. The "max pain" price is at $75,000, nearly 3% below the current Bitcoin price of approximately $77,250.
$6.25 Billion in Bitcoin Options Set to Expire on Deribit
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