In anticipation of the $3.1 billion options expiry on May 16, Bitcoin (BTC) is trading at approximately 102,300 USD, down 1.53%, while Ethereum (ETH) stands at 2,552 USD, declining 2.53%. The lead market within crypto options is Deribit, controlling about 85% of trades.
During significant option expiries, historical data shows that price fluctuations of 5-7% are common as traders react to the max pain points, where options become worthless. This situation leaves traders uncertain, monitoring for upcoming catalysts that could influence BTC and ETH prices.
Leave a Reply