Attention: There’s an $11.4 Billion Options Earthquake in Bitcoin and Ethereum Today! Here Are the Critical Levels to Watch!

The leading cryptocurrency Bitcoin (BTC) fell to the level of $106,000 after breaking a new record by exceeding $111,000 last week.

While this decline has made the markets nervous about the risk of further declines, the expiration date for option contracts in the crypto market has come today, as it does every Friday.

These options are even more important because they fall on the last Friday of both the week and the month.

According to the news of Singapore-based crypto options data platform Greeks.live, 93 thousand Bitcoin (BTC) and 624 thousand Ethereum (ETH) options will expire on May 30 on the Deribit derivatives exchange.

Accordingly, the Put/Call Ratio of BTC options is 0.89, the maximum loss point is $ 100,000 and the notional value is $ 9.79 billion.

When we look at Ethereum, ETH options have a Put/Call Ratio of 0.81, a maximum loss point of $2,300, and a notional value of $1.62 billion.

Analysts stated that Bitcoin has been following a volatile course this week, and that Ethereum is stronger compared to BTC.

While the Pull/Call ratios show that the market is slightly optimistic in anticipation of a price increase, the Maximum Loss levels ($100,000 for BTC, $2,300 for ETH) carry the risk that prices could be pulled back to these levels.

Analysts stated that price fluctuations may occur in BTC and ETH based on these rates.

“Bitcoin has been mostly volatile this week, Ether has been relatively strong and the accumulation has been ongoing for two weeks.

Data suggests that the market is still optimistic about BTC reaching new highs in the near future.

ETH’s upward shock has started to slow down and the market has recalibrated ETH’s price and volatility.

“Deliveries are less than 8% of total positions, a decline, and crypto institutions are not showing much reaction to new highs in Ethereum. This suggests low expectations for a near-term rally in ETH and more expectations for a steady, moderate increase.”

May 30 Options Data
93,000 BTC options expired with a Put Call Ratio of 0.89, a Maxpain point of $100,000 and a notional value of $9.79 billion.
624,000 ETH options expired with a Put Call Ratio of 0.81, a Maxpain point of $2,300 and a notional value of $1.62 billion.
Bitcoin has… pic.twitter.com/p9k8y44OUW

— Greeks.live (@GreeksLive) May 30, 2025

*This is not investment advice.

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