6.25 billion USD Bitcoin options are expiring, traders are heavily betting on $82k call options

Deep Tide TechFlow News, May 21, according to CoinDesk, approximately $6.25 billion worth of Bitcoin options contracts will expire on May 29, with the $75k strike price accumulating a maximum put position with a notional value of about $394 million, and the $80k strike price holding a maximum call position of approximately $532 million. The current maximum pain price is at $75k, about 3% below Bitcoin's current price of $77.25k. Data shows that a total of 80,535 contracts are involved in this expiration, including 43,184 call options and 37,351 put options, with a Put/Call Ratio of 0.86, reflecting that the market overall remains mildly bullish.

Notably, the Bitcoin call option with an expiration date of May 29, 2026, and a strike price of $82k, became the most active single options product traded on Thursday, with about 1,600 contracts exchanged, representing a notional value of approximately $126 million, indicating that some traders are betting on Bitcoin breaking upward.

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