$2 Billion in Bitcoin, Ethereum Options Expire Today, May 10

On May 10, 2024, approximately $2 billion worth of Bitcoin and Ethereum options are set to expire. This includes 18,000 Bitcoin options with a notional value of $1.2 billion, featuring a Put Call Ratio of 0.64 and a Maxpain point of $62,000. Additionally, 280,000 Ethereum options are also expiring, with a notional value of $800 million, a Put Call Ratio of 0.74, and a Maxpain point of $3,050. The total notional value of the expiring options is expected to impact the cryptocurrency market dynamics significantly.