Bitcoin and Ethereum Options Expiry Data Reveals Market Sentiment

By: binance|2025/05/16 16:00:16
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According to BlockBeats, Greeks.live analyst Adam shared insights on social media regarding the options expiry data for May 16. A total of 27,000 Bitcoin options expired with a Put Call Ratio of 1.03, a maximum pain point of $100,000, and a nominal value of $2.76 billion. Additionally, 220,000 Ethereum options expired with a Put Call Ratio of 1.36, a maximum pain point of $2,300, and a nominal value of $570 million.The Bitcoin expiry data this week is almost identical to last week's, and Ethereum shows similar trends aside from price factors. Despite the positive market sentiment, the options data indicates that mainstream coin holders remain limited, with few profiting significantly. Currently, Bitcoin's short to medium-term realized volatility has fallen below 35%, while the medium to long-term remains around 50%. However, implied volatility has decreased more noticeably, dropping below 45%, leading to a decline in the volatility risk premium across all terms.The expiry volume accounts for less than 9% of the total open interest, with a continued high proportion of put options this month. This trend may not see a significant shift until June. The market outlook remains optimistic, but there are few short-term bullish positions on Bitcoin.

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