Tomorrow May 31 at 3:00 p.m. (Vietnam time) $8.12 billion of options will expire on Deribit.
BTC options
Total value: $4.65 billion
Put/Call ratio: 0.6
Max Pain Price: 65,000$BTC
ETH options
Total value: $3.47 billion
Put/Call ratio: 0.85
Max Pain Price: 3.300$ETH
Simply put, at the time the option contract expires, the market price is equal to or closest to the Max Pain price, the investor will suffer the largest loss.
During this expiration, Team Long will lose a lot if BTC and ETH continue to decrease. So I bet one round that from now until maturity the market will recover.
