{"id":30146,"date":"2026-05-29T10:52:39","date_gmt":"2026-05-29T10:52:39","guid":{"rendered":"https:\/\/bitunikey.com\/news\/7-5b-bitcoin-ethereum-options-expiry-tests-weak-crypto-bulls\/"},"modified":"2026-05-29T10:52:52","modified_gmt":"2026-05-29T10:52:52","slug":"7-5b-bitcoin-ethereum-options-expiry-tests-weak-crypto-bulls","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/7-5b-bitcoin-ethereum-options-expiry-tests-weak-crypto-bulls\/","title":{"rendered":"$7.5B Bitcoin, Ethereum options expiry tests weak crypto bulls"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Bitcoin and Ethereum faced a large monthly options expiry on May 29 as prices stayed below key levels.<\/strong><\/p>\n<div id=\"cn-block-summary-block_165c7d22816f21d74d6e04baf713aeaa\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin options worth $6.2 billion expired as BTC traded below the key $75,000 max pain level.<\/li>\n<li>Ethereum options worth $1.28 billion expired while ETH struggled near $2,000 after recent market weakness.<\/li>\n<li>Greeks.live said the expiry looked like bearish unwinding, with longs retreating from key resistance zones.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Greeks.live said 84,000 Bitcoin options expired, with a notional value of $6.2 billion. It also said 639,000 Ethereum options expired, with a notional value of $1.28 billion.<\/p>\n<p>The expiry came after Bitcoin fell below $75,000 during the week. Ethereum also traded near the $2,000 zone after losing support.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin falls below max pain<\/strong><\/h2>\n<p>Bitcoin\u2019s put-call ratio stood at 0.88, according to Greeks.live. The max pain level was $75,000.<\/p>\n<p>That level sat above the market price during the expiry window. This showed that bulls failed to pull Bitcoin back toward a key settlement level.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">May 29 Options Expiration Data<\/p>\n<p>84,000 BTC options expired, with a put-call ratio of 0.88, a maxpain point of $75,000, and a notional value of $6.2 billion.<br \/>639,000 ETH options expired, with a put-call ratio of 0.81, a maxpain point of $2,200, and a notional value of $1.28\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/NNnFMy3tgx\">pic.twitter.com\/NNnFMy3tgx<\/a><\/p>\n<p>\u2014 Greeks.live (@GreeksLive) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/GreeksLive\/status\/2060280190333505564?ref_src=twsrc%5Etfw\">May 29, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Crypto.news had reported that Bitcoin fell toward $73,000 before the expiry. The report also cited ETF outflows as one reason behind market pressure.<\/p>\n<p>The same market setup kept traders focused on the $75,000 level. A move back above it could ease pressure, but Bitcoin failed to reclaim it before expiry.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum stays under pressure<\/strong><\/h2>\n<p>Ethereum\u2019s options data also showed a large expiry. Greeks.live said ETH had a put-call ratio of 0.81 and a max pain level of $2,200.<\/p>\n<p>Ethereum traded below that level before settlement. This left many bullish positions under pressure as the market moved lower.<\/p>\n<p>The price action also kept attention on the $2,100 level. Greeks.live said traders now watch whether ETH can retake that zone.<\/p>\n<p>Related crypto.news coverage showed Ethereum trading near $2,000 after recent weakness. The move placed ETH near a key psychological level.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Options data shows fragile sentiment<\/strong><\/h2>\n<p>Greeks.live said the market did not show extreme bearish positioning. Bitcoin and Ethereum put-call ratios stayed below 1.<\/p>\n<p>That means puts did not heavily outnumber calls. Still, the latest price action showed that traders had reduced risk.<\/p>\n<p>The firm described the expiry as a form of bearish unwinding. Large positions expired, while long traders failed to reclaim key price levels.<\/p>\n<p>Greeks.live said, \u201cshort-term IV is likely to retreat after expiration.\u201d This remains a market forecast and may change if prices move sharply.<\/p>\n<h2 class=\"wp-block-heading\"><strong>June contracts take market focus<\/strong><\/h2>\n<p>Greeks.live said only 20% of options expired this month. After settlement, June options rose to about 40% of open interest.<\/p>\n<p>That shift means the next round of positioning may now guide market direction. Traders will watch whether capital returns after the expiry.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BTC\u2019s price has begun to break below the Gex concentration zone, and the resistance from open interest will continue to weaken. Meanwhile, since Gex is concentrated around $2,000, ETH has also broken below the Gex resistance level.<\/p>\n<p>Although BTC has fallen to a very dangerous\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/INeioAIqMP\">pic.twitter.com\/INeioAIqMP<\/a><\/p>\n<p>\u2014 Greeks.live (@GreeksLive) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/GreeksLive\/status\/2060029684646392040?ref_src=twsrc%5Etfw\">May 28, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Bitcoin must reclaim $75,000 to improve short-term sentiment. Ethereum also needs to move back above $2,100 to ease pressure.<\/p>\n<p>For now, the market remains cautious. The expiry removed large positions, but it did not restore strong buying demand.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum faced a large monthly options expiry on May 29 as prices stayed below key levels. Summary Bitcoin options worth $6.2 billion expired as BTC traded below the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30146"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30146\/revisions"}],"predecessor-version":[{"id":30148,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30146\/revisions\/30148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/30147"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}