Options expiry contracts worth $2.6 billion across Bitcoin, Ethereum, XRP, and Solana settled on Deribit on May 15, triggering widespread market liquidations.
Summary
- Around 25,000 Bitcoin options with a notional value of over $2 billion expired on Deribit on May 15, with a max pain price at $80,000.
- BTC’s put-call ratio of 0.57 signals bullish positioning overall, but a rising 25 delta skew shows traders are pricing in near-term downside risk.
- XRP fell from a 24-hour high of $1.55 to $1.45 as traders repositioned, while Solana slid 3% against its own $17 million expiry today.
According to Deribit data, approximately 25,000 Bitcoin options with a notional value…
