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

Odaily reports that approximately $6.25 billion worth of Bitcoin option contracts are set to expire on May 29th, drawing market attention. The $75,000 strike price has accumulated the largest bearish position with a notional value of around $394 million, while the $80,000 strike price holds the largest bullish position valued at approximately $532 million. The current maximum pain price (Max Pain) stands at $75,000, about 3% lower than Bitcoin's current price of $77,250. Data shows that this options expiry involves a total of 80,535 contracts, including 43,184 call options and 37,351 put options, with a Put/Call Ratio of 0.86, reflecting an overall mildly bullish market sentiment. (CoinDesk)