$7.5B Bitcoin, Ethereum options expiry tests weak crypto bulls
Bitcoin and Ethereum faced a large monthly options expiry on May 29 as prices stayed below key levels.Bitcoin options worth $6.2 billion expired as BTC traded below the key $75,000 max pain level.Ethereum options worth $1.28 billion expired while ETH struggled near $2,000 after recent market weakness.Greeks.live said the expiry looked like bearish unwinding, with longs retreating from key resistance zones. Greeks.live said 84,000 Bitcoin options expired, with a notional value of $6.2 billion. It also said 639,000 Ethereum options expired, with a notional value of $1.28 billion. The expiry came after Bitcoin fell below $75,000 during the week. Ethereum also traded near the $2,000 zone after losing support. Bitcoin falls below max pain Bitcoins put-call ratio stood at 0.88, according to Greeks.live. The max pain level was $75,000. That level sat above the market price during the expiry window. This showed that bulls failed to pull Bitcoin back toward a key settlement level. May 29 Options Expiration Data 84,000 BTC options expired, with a put-call ratio of 0.88, a maxpain point of $75,000, and a notional value of $6.2 billion. 639,000 ETH options expired, with a put-call ratio of 0.81, a maxpain point of $2,200, and a notional value of $1.28… pic.twitter.com/NNnFMy3tgx — Greeks.live (@GreeksLive) May 29, 2026 Crypto.news