Crypto market watchers are on high alert as $2.7 billion in Bitcoin and Ether options are set to expire on May 24. Notably, 21,000 Bitcoin options are about to expire, indicating a near-even balance between buyers and sellers. The maximum pain point stands at $67,000, representing a nominal value of $1.4 billion. However, a larger expiry event is on the horizon for May 31, with $4.3 billion worth of options set to expire. Meanwhile, 350,000 Ether contracts, representing a notional value of $1.3 billion, are also expiring, suggesting a slightly bullish tone.