Bitcoin and Ethereum faced a large monthly options expiry on May 29 as prices stayed below key levels.
Summary
- Bitcoin options worth $6.2 billion expired as BTC traded below the key $75,000 max pain level.
- Ethereum options worth $1.28 billion expired while ETH struggled near $2,000 after recent market weakness.
- Greeks.live said the expiry looked like bearish unwinding, with longs retreating from key resistance zones.
Greeks.live said 84,000 Bitcoin options expired, with a notional value of $6.2 billion. It also said 639,000 Ethereum options expired, with a notional value of $1.28 billion.
The expiry came after Bitcoin fell below $75,000 during the week. Ethereum…
