62.5 billion USD Bitcoin options set to expire, traders heavily betting on $82,000 call options

According to Odaily Planet Daily, approximately $6.25 billion worth of Bitcoin options contracts are set to expire on May 29, drawing market attention. Among these, the $75,000 strike price has accumulated the largest put position with a notional value of about $394 million, while the $80,000 strike price holds the largest call position, with a notional value of approximately $532 million. The current Max Pain price stands at $75,000, which is about 3% lower than Bitcoin's current price of $77,250. Data shows that this options expiration involves a total of 80,535 contracts, including 43,184 calls and 37,351 puts, with a Put/Call Ratio of 0.86, reflecting a generally mild bullish sentiment in the market. (CoinDesk)