Crypto Chaos: $11.5B Options Expiry Today – Will It Be a Market Meltdown? 😂💸

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Ah, dear reader, gather ’round as we embark on a tale of financial intrigue! Today, a staggering 92,500 Bitcoin options contracts are set to meet their fateful expiration on this fine Friday, May 30, with a notional value that could make even the most stoic banker weep—approximately $10 billion! 💰

But lo! This week’s spectacle is no ordinary affair; it’s the end of the month, a time when the market, like a restless spirit, may stir with volatility, having been in retreat for days, much like a cat avoiding a bath. 🐱💦

The Grand Crypto Options Expiry

In this week’s grand performance, the put/call ratio stands at a curious 0.87, suggesting that slightly more long contracts are preparing to exit the stage than their short counterparts. Sentiment, it seems, is cooling like a cup of tea left unattended. ☕️

And what of the max pain point, you ask? A mere $100,000, lurking just $6,000 below the current spot prices, where losses will dance like mischievous sprites on contract expiry. 🎭

Open interest, or OI for the initiated, is highest at the $120,000 strike price, boasting a princely sum of $1.7 billion, while an additional $1.6 billion lounges at the $110,000 mark, as bullish speculators remain ever so confident, according to the oracle known as Deribit. 🔮

Options Expiry Alert

At the stroke of 08:00 UTC tomorrow, over $11.7 billion in crypto options are set to expire on Deribit. $BTC: $10.03B notional | Put/Call: 0.87 | Max Pain: $100K $ETH: $1.67B notional | Put/Call: 0.83 | Max Pain: $2,300

Calls dominate OI at higher strikes, reflecting…

— Deribit (@DeribitOfficial) May 29, 2025

In a recent missive dated May 30, the crypto derivatives seers at Greeks Live proclaimed, “The market is still more optimistic about BTC breaking out to new highs in the near future.” Optimism, it seems, is the currency of the day! 💫

They further noted that the put/call ratio for delivery is falling, and “above $100,000, this price has lasted for the entire first half of the year.” A curious phenomenon, indeed! 🧐

“Crypto institutions are not showing much reaction to the new highs in the pie, with low expectations for a near-term surge, and more expectations for a steady, moderate rise.”

But wait! In addition to today’s Bitcoin options, a staggering 624,000 Ethereum contracts are also set to expire, with a notional value of $1.62 billion, a max pain point of $2,300, and a put/call ratio of 0.81. This brings Friday’s combined crypto options expiry notional value to a jaw-dropping $11.5 billion! 🎉

“The upward shock of the ETH [move] has begun to slow down, and the market has recalibrated the price of the ETH and volatility, which has risen slightly overall,” Greeks commented, as if they were narrating a tragic opera.

The Crypto Market Outlook

Alas, the crypto market decline has accelerated over the past 24 hours, with total capitalization plummeting 4.4% to a mere $3.46 trillion. A tragedy worthy of the grandest stage! 🎭

Bitcoin, the once-mighty titan, now leads the losses, having dropped below $106,000 during the Friday morning Asian trading session, a 2% daily dive that would make even Poseidon weep. 🌊

Ethereum, too, finds its momentum waning, as ETH tumbles 5% on the day, dipping below $2,600. A sad sight for the faithful! 😢

And as is customary, the altcoins are a veritable sea of red, with larger losses for Solana, Dogecoin, Cardano, Hyperliquid, Chainlink, and Avalanche. A veritable tragedy unfolding before our very eyes! 🎭

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2025-05-30 08:03