While Corporates' Expectations for Ethereum Increase, Calm Prevails in Bitcoin!

The cryptocurrency market witnessed approximately $8 billion worth of options expiry on Bitcoin (BTC) and Ethereum (ETH).

At the end of May, significant activity was observed in the Bitcoin and Ethereum options markets.

According to the data shared by option data platform Greeks.Live on Twitter on May 31, 69,000 Bitcoin options worth $4.7 billion and 920,000 Ethereum options worth $3.5 billion expired.

The ratio of the selling rates of the options in question to the buying rates was recorded as 0.37 in Bitcoin and 0.46 in Ethereum. Most investors had bought bullish options for May 31. This rising expectation in the market revealed that the bulls were dominant.

The max pain level was recorded as $66,000 for Bitcoin and $3,300 for Ethereum.

Since options markets are an area where institutional investors rather than individual investors trade, they reflect the market expectations of those actors.