Over $2.2B worth of options for Bitcoin set to expire on May 26 Quick Take
- Bitcoin has roughly 85,000 options awaiting expiry on May 26, according to Deribit data as of May 23.
- Bitcoin has a 0.38 Put Call Ratio, whereas the max pain price is $27,000.
- The Bitcoin contracts up for expiry are valued at around $2.3 billion.
- Ethereum has a Put Call Ratio of 0.49, with approximately 700,000 options expiring on May 26, according to Deribit data as of May 23.
- This puts a notional value of just over $1.3 billion, with a max pain price of $1,800.
- Short-term volatility is expected in the crypto markets.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.