![\"\ud83d\udea8\"](\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\")
Options Expiry Alert.
\nAt 08:00 UTC tomorrow, over $1.8B in crypto options are set to expire on Deribit.<\/p>\n
bitcoin:native : $1.53B notional | Put\/Call: 0.69 | Max Pain: $79,000
\nethereum:native : $264M notional | Put\/Call: 1.03 | Max Pain: $2,200<\/p>\n
BTC traders continue targeting\u2026 pic.twitter.com\/fv5dDrPx6M<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) May 21, 2026<\/a><\/p>\n<\/blockquote>\n Traders have been using the recent rebound to establish defensive positions for the final ten days of the month, said<\/a> crypto derivatives provider Greeks Live this week.<\/p>\n \u201cOverall, the market is positioning itself to defend against price pullbacks but does not anticipate a market collapse.\u201d<\/p>\n<\/blockquote>\n It added that May and June have long been viewed as unfavorable trading months, and in May, major investors have been \u201csteadily increasing their defensive positions: buying effective protection, selling margin calls at the tail end, and controlling costs.\u201d<\/p>\n In addition to today\u2019s batch of Bitcoin options, around 123,000 Ethereum contracts are also expiring, with a notional value of $263 million, max pain at $2,200, and a put\/call ratio of 1. Total ETH options OI across all exchanges is around $6.9 billion.<\/p>\n \u201cETH positioning has shifted from strongly call-biased last week to nearly balanced, suggesting conviction has cooled as traders await fresh catalysts,\u201d said Deribit.<\/p>\n<\/blockquote>\n Crypto markets have retreated again today, with total capitalization dropping to $2.67 trillion.\u00a0Bitcoin failed to break above $78,000 and fell back to an intraday low of $76,750 before a minor recovery on Friday morning. It appears to have resumed its downtrend, which is dragging the rest of the market down with it.<\/p>\n Ether and the rest of the altcoins have been mostly flat<\/a> over the past 24 hours, with very little activity after a largely bearish week.<\/p>\n Inl\u00e4gget Crypto Traders Brace for $1.5B Bitcoin Options Expiry Today<\/a> publicerades f\u00f6rst p\u00e5 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":1,"featured_media":44407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
\n
Spot Market Outlook<\/h2>\n