The end of the week is upon us again, with another crypto options expiry event as spot markets continue to correct. 

Around 20,500 Bitcoin options contracts will expire on Friday, May 22, with a notional value of roughly $1.5 billion. This event is smaller than usual, so it is unlikely to have any impact on spot markets.

Crypto markets have been in decline all week, with around $50 billion leaving the space as Bitcoin continues to weaken. Positive news appears to have zero impact as investors remain under macroeconomic rain clouds.

Bitcoin Options Expiry

This week’s batch of Bitcoin options contracts has a put/call ratio of 0.69, meaning that there are more sellers of…