The post 25,000 Bitcoin options are set to expire today, threatening BTC’s $110K phase appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) has been changing hands above $110,000 since the early hours of Thursday. Yet, analysts are predicting that the expiration of over 25,000 BTC options contracts on the derivatives market today, a notional value of approximately $2.81 billion, could drag the top coin by market cap down to the recently breached all-time high level.  According to data from Greeks.Live, the put/call ratio for this expiration stood at 1.22, a slightly bearish short-term sentiment among traders. The max pain point, or the price at which option holders would incur the most losses, sits well below current levels at $104,000.  【5月23日期权交割数据】2.5万张BTC期权到期，Put Call Ratio为1.22，最大痛点104000美元，名义价值28.1亿美元。20.2万张ETH期权到期，Put Call Ratio为1.26，最大痛点2450美元，名义价值5.7亿美元。… pic.twitter.com/X0qix0UeMP — Adam@Greeks.live (@BTC__options) May 23, 2025 Bitcoin is now trading near $110,900, above both max pain and technical resistance zones. The market is showing signs of bull tailwinds, beyond short-term hedging strategies. Moreover, the expiration event has not triggered notable market volatility, thanks to low relative exposure and long-term conviction across investors of all sizes. Institutional holdings mull BTC price growth in the coming months May 23’s expiry involved a notable volume of contracts, but it only accounted for 7.63% of total BTC open interest, meaning the broader derivatives market is largely unaffected.  Most of the open interest is concentrated in later expiries, with June 27 accounting for 30.38% and May 30 holding 26.03%. Institutional traders could be looking at taking more positions and increasing their market participation in June. “The low exposure to today’s expiry likely capped potential volatility. Instead, traders are building exposure toward more pivotal dates, with open interest and implied volatility rising around June’s contracts,” explained derivatives analyst Peter Yan of AlphaOptions. The overall put/call ratio for all BTC options, standing at 0.61, places Bitcoin at a longer-term bullish tilt. High-strike call options such as the $200,000 and $300,000 levels for…

---

Filed under: News - @ May 23, 2025 10:27 am