Bitcoin options markets may be a cause of temporary rebound. On May 1st, Bitcoin options contracts with a total value of $1.74 billion expired, along with Ethereum options contracts worth $394 million.


The weekly Bitcoin event ended with a put/call options ratio of 1.1, indicating caution in decision-making and protecting the market from losses. Although the event's size is relatively small at the start of the new month, it still confirms ongoing market protection from losses.
Before the options expiration event, the market was close to the maximum pain point of $76,000 per Bitcoin.
Put options have now moved to $75,500, resulting in a higher level of loss protection.
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