Bitcoin, altcoins stand tall despite options expiry pressure Quick Take
- Bitcoin and Ethereum held firm on a massive options expiry on May 26, according to Deribit data.
- Over $2.2 billion worth of options expired on May 26 for Bitcoin. Despite this significant event, the currency held firm above $26,300.
- The Bitcoin put-to-call ratio was 0.38, with max pain at $27,000.
- While the options on Ethereum saw an options expiry of a notional value of $1.3 billion.
- Ethereum had a put-to-call ratio of 0.49, with a max pain price of $1,800.
- Looking ahead to June, we anticipate a notional value of over $3B in options expiry, with a max pain price of $24,000. This notional value is slightly higher than the May expiration
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.