According to CryptoPotato, a significant event in the cryptocurrency market is set to occur as over $2.8 billion in Bitcoin and Ethereum options are due to expire on Friday, May 9, 2025. This includes around 26,000 Bitcoin options contracts with a notional value of approximately $2.57 billion. The put/call ratio for Bitcoin options stands at 0.91, with a max pain point of $93,000. Meanwhile, Ethereum options have a notional value of $257 million, a put/call ratio of 1.2, and a max pain point of $1,800. The market has seen a surge, with Bitcoin reaching an intraday high of $103,461 and Ethereum surpassing $2,200 following the Pectra upgrade. The total market capitalization has hit a three-month high of $3.33 trillion, driven by gains in Bitcoin and Ethereum.
Bitcoin and Ethereum Options Expiry: $2.8B Set to Expire Amid Market Surge
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