🚀 Buckle up, #crypto enthusiasts! A whopping $2.7 billion in #Bitcoin and #Ether options are set to expire on May 24, offering a sneak peek into market sentiment. With a near-even balance between buyers and sellers, we're seeing a slight lean towards call options. 📈

The maximum pain point is $67,000, totaling a nominal value of $1.4 billion. But wait, there's more! A larger event is looming on May 31, when $4.3 billion worth of options are set to expire. 💼

Long positions are dominating open interest, with $830 million tied to the $70,000 strike price. The $60,000 strike price stands out with $388 million in open interest, indicating bullish sentiment among traders. 🐂

Meanwhile, #Ether isn't left behind with 350,000 contracts expiring, representing a notional value of $1.3 billion. The put/call ratio of 0.58 and a max pain point of $3,200 suggest a slightly bullish tone. 🎯

What's your take on this? Bullish or bearish? Let's discuss in the comments! 🗣️ #DeFi #Web3 #Technology