BTC, ETH Options Worth $3.2B Expire on May 16

BTC and ETH options worth $3.2B set to expire with max pain levels at $100K and $2,200 Put/Call ratios show neutral BTC sentiment, bearish ETH tilt ahead of May 16 expiry BTC consolidates near $102K, ETH trades above $2,550 ahead of Friday volatility window Significant Bitcoin (BTC) and Ethereum (ETH) options expiries are approaching, setting the stage for notable market volatility in the crypto market this weekend. Data from the Deribit Options and Futures cryptocurrency exchange indicates substantial order volumes are due to expire by Friday morning, May 16. Options Expiry Alert Tomorrow 08:00 UTC: Over $3.1B in BTC & ETH options expire on Deribit. $BTC : $2.66B notional | Put/Call: 0.99 | Max Pain: $100K $ETH : $525M notional | Put/Call: 1.24 | Max Pain: $2,200 BTC skew is neutral, ETH puts slightly outweigh calls. Price... pic.twitter.com/jBj4C4tMvX — Deribit (@DeribitOfficial) May 15, 2025 Billions in BTC and ETH Options Set to Expire Deribit’s data reveals Bitcoin’s pending Put/Call orders to be $2.66 billion, while Ethereum has a $525 million that could expire in less than 24 hours from the time of writing (Thursday, May 15). The information further details Bitcoin’s max pain point at $100,000 and Ethereum’s at $2,200. These levels reflect the price at which most options would expire worthless . Related: Bitcoin (BTC) Price Prediction for May 16 Market Sentiment Mixed Ahead of Expiry Event For context, Bitcoin’s sentiment in the entire scenario remains neutral, with a Put/Call ratio of 0.99, while Ethereum reflects a more bearish potential, having a Put/Call ratio of 1.24. This data has put investors on alert, considering the crypto market’s potential to respond in alignment with the prevailing sentiments triggered by the expiring orders. Meanwhile, it is crucial to note that expiring orders and their surrounding factors do not always determine crypto trend outcomes. For instance, the market could absorb the shock and neutralize the expected volatility, considering external factors and their potentially significant roles. Bitcoin and Ethereum Consolidate with Bullish Outlook In the meantime, Bitcoin entered into short-term consolidation after reaching a $105,706 local high on Monday. The pioneer cryptocurrency traded for $102,070 at the time of writing, according to data from TradingView. Despite the pullback, Bitcoin maintains a bullish momentum, with users expecting the digital asset to remain above the $100,000 support and pursue higher price targets. Related: ETH Price Remains Strong Above $2.5K Despite Wild Exchange Flows & Huge $1.2B Withdrawal Ethereum’s consolidation started after Tuesday’s rally to $2,739. The flagship altcoin pulled back to trade for $2,550 at the time of writing. ETH also maintains a bullish outlook, supported by massive technical and fundamental factors. It currently sits above crucial support at $2,540, and users expect that level to hold, preparing the foundation for the altcoin’s surge to higher price targets. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/btc-and-eth-options-expire-may-16-with-max-pain-zones-at-100k-and-2200/