Today, $11.4 billion worth of Bitcoin and Ethereum options will expire on the cryptocurrency market. Short-term price action may be impacted by this significant expiration, particularly given the recent declines in both assets.
Since today’s expiring contracts are for the month, the expiring Bitcoin and Ethereum options this week are much higher than those from last week.
May options expiry: Over $11 billion Bitcoin and Ethereum contracts go bust
Ethereum contracts are worth $1.63 billion and Bitcoin contracts are at $9.79 billion in today’s expiring options. Traders are preparing for possible turbulence with this.
In particular, Deribit data indicates that there are 92,459 contracts of Bitcoin options that are about to expire, up from 25,438 the previous week.
The put-to-call ratio for these expiring Bitcoin options is 0.89, and the maximum pain price is $100,000. This suggests that despite the asset’s recent decline, sentiment is generally bullish.
Their Ethereum counterparts, in contrast, exhibit a comparable market outlook with a put-to-call ratio of 0.81 and a maximum pain price of $2,300. There are now 623,949 contracts for Ethereum’s expiration options, up from 25,438 contracts the week before.
Put-to-call ratios for Bitcoin and Ethereum that are less than one indicate market optimism and that more traders are placing bets on price gains.
Notably, calls account for the majority of open interest in both Bitcoin and Ethereum expiration options. In particular, calls make up 48,888 of Bitcoin options, while puts make up 43,571. For Ethereum options, calls account for 343,937 vs 280,012.
🚨 Options Expiry Alert 🚨
At 08:00 UTC tomorrow, over $11.7B in crypto options are set to expire on Deribit.$BTC: $10.03B notional | Put/Call: 0.87 | Max Pain: $100K$ETH: $1.67B notional | Put/Call: 0.83 | Max Pain: $2,300
Calls dominate OI at higher strikes, reflecting… pic.twitter.com/VlISVbmL8t
— Deribit (@DeribitOfficial) May 29, 2025
However, because option expiration has a tendency to induce market volatility, vigilance is necessary.
Short-term price swings brought on by options expirations can engender market ambiguity. Bitcoin’s trading value has decreased by 1.43% to $106,122, according to BeInCrypto data. Ethereum, on the other side, is currently trading at $2,634, down 3.43%.
Bitcoin and Ethereum show mixed signals ahead of options expiry
Notably, the options that expire today follow the conclusion of the two-day Bitcoin Conference 2025 in Las Vegas, Nevada, which concluded on Thursday, May 29.
According to Greeks.live analysts, cryptocurrency markets went into a risky holding pattern around this time, anticipating increased volatility.
The price of Bitcoin is still above $100,000, but the mood in the derivatives markets indicates growing prudence. The analysts observe that traders actively protect themselves from downside risk even while Bitcoin remains inside its range.
https://t.co/n0OcjSHcin Community Daily Digest
Published: 2025-05-28
Overall Market Sentiment
The group is predominantly bearish with most traders expecting a significant drop, particularly ahead of the upcoming Bitcoin conference on May 27-29. Key disagreement exists between…
— Greeks.live (@GreeksLive) May 29, 2025
Because there is a greater demand for defensive puts (sales), the Put/Call Ratio for delivery options has decreased. The experts interpret this as indicating that despite recent highs, a large number of institutional players remain passive.
In contrast, Ethereum has demonstrated relative strength. With prices up 3% in the medium to long run, implied volatility (IV) is still high at over 70% in the short term, despite its upward momentum slowing. As it consolidates recent gains, the market seems to be readjusting ETH’s fair value.
The majority of private-group traders anticipate a significant decline in Bitcoin, and attitude is generally pessimistic. The loaded put method is the most popular approach.
Arkham under fire for exposing Saylor’s Bitcoin wallets, stirring market fears
As it continues to disclose what it says is 97% of Michael Saylor and MicroStrategy’s Bitcoin holdings, Arkham Intelligence is coming under criticism.
The revelation has sparked concerns about centralization, operational risk, and market collapse given Saylor’s influence in the cryptocurrency industry.
Arkham under fire for exposing Strategy’s Bitcoin wallets
On Thursday, May 29, it revealed Arkham’s first finding connecting 70,816 Bitcoin tokens to MicroStrategy (now Strategy). Michael Saylor, the executive chair of Strategy, had a secrecy policy that was broken by this discovery.
“The current conventional way to publish proof-of-reserves is an insecure proof-of-reserves. No institutional-grade or enterprise security analyst would think that publishing wallets is a great idea,” Saylor argued.
The blockchain analytics company has made another disclosure, increasing its finding from 87.5% to 97% of all Strategy’s Bitcoin holdings, despite the exposĂ© evoking conflicting reactions.
In particular, Arkham Intelligence has discovered an extra 53,833 Bitcoin, which is worth almost $5.75 billion. With this, they now cover $59.92 billion in Saylor’s Bitcoin holdings.
BREAKING: WE’VE IDENTIFIED EVEN MORE OF SAYLOR’S BTC – 97% OF ALL HOLDINGS
We have identified an additional 53,833 BTC ($5.75B), bringing our coverage of Saylor’s Bitcoin holdings to $59.92B, almost ALL of his BTC.
We are the first to publicly identify these holdings. pic.twitter.com/uPTxcU9mR2
— Arkham (@arkham) May 29, 2025
The project is a step toward free and public proof of reserves (PoR), the blockchain expert said.
Though many in the cryptocurrency industry view it as a risky privacy violation, Arkham boasts its transparency milestone as the first to openly reveal these holdings.
Is Michael Saylor and Strateggy a single point of failure?
Concerns have been raised by industry commentators on the potential repercussions of disclosing such a high concentration of Bitcoin holdings associated with a single entity. Given Michael Saylor’s influence in the cryptocurrency market, this is particularly true.
If they ever move that BTC from the wallets, expect a market collapse. We just discovered a new point of failure. Congrats!
— Markus (@hypeosx) May 29, 2025
Concerns over the possibility of doxxing were expressed by others. MadPunk, a meme coin trader, is one among them and has expressed concerns about a market sell-off.
You thinking youre doing something great cool work after doxxing his secret wallets, if he ever tried to sell a bitcoin. The whole market will crash.
— MadPunk (@MadpunkCalls) May 29, 2025
The disclosure has sparked intense discussion about the trade-off between operational security, openness, and market participants’ influence. Some believe that in an era of unsubstantiated corporate claims, accountability should be ensured by using public blockchain data.
“For people asking why Arkham would do this… did you forget why the 2009 crash happened? Have you heard of paper gold and paper bitcoin? Do you know that companies lie to get fame and money? If you boast about buying 60 billion worth of bitcoin… show the receipts,” The Modern Investor, a popular user on X, remarked.
However, others believe that disclosing a well-known person’s holdings undermines Bitcoin’s resistance to censorship and spirit of individual liberty.
Considering that Strategy controls a sizable portion of the circulating supply of Bitcoin, it is believed that this endangers the larger market.
Saylor notably converted MicroStrategy’s cash reserves and raised debt to acquire Bitcoin, demonstrating his long-standing belief that it is the ultimate asset.
“The only thing better than Bitcoin is More Bitcoin,” Saylor wrote in a post.
However, experts suggest Michael Saylor might be confined now that the majority of his wallets are visible. Others, however, maintain that the Bitcoin maxi might not have any plans to sell Bitcoin.
“Lol, Saylor doesn’t want to sell. He’s already holding the apex asset. Sell for what? He sold Fiat for Bitcoin. Would you sell USD for Indian rupees? The answer is no, selling BTC for USD is the same thing,” chimed Josef Rakich, another popular user on X (Twitter).
But worries are growing. Markets may perceive any outbound movement from these wallets as a liquidation signal, which could lead to panic.
Some claim that since there is now such a large concentration of ownership connected to traceable addresses, malicious actors may also attack Saylor or Strategy directly. Given that the US leads the world in cases of crypto abduction and that cybercrimes are on the rise in France, this is with precedent.
Arkham’s campaign has shown how brittle market psychology is still in the blockchain space, even as it pushes the boundaries of cryptocurrency’s transparency culture. Once a sign of conviction, Saylor’s Bitcoin is now a worldwide risk factor.
Shiba Inu price analysis: ‘Rising Three Methods’ pattern hints $0.00002 retest next week
If the price of Shiba Inu completes a Rising Three Methods pattern on the weekly chart, it can retest $0.00002 the following week.
Following the formation of a “rising three methods” pattern, Shiba Inu (SHIB) could retest the $0.00002 level. The price of Shiba Inu may retest this level as early as next week, indicating a 48% rally from its present price, as the bearish trend wanes.
Even though Shiba Inu has a bullish technical perspective, it confronts challenges as the market as a whole becomes more pessimistic after $655 million in liquidations, as the majority of cryptocurrency prices fell. SHIB is down 6% at $0.0000135 at the time of writing. According to CoinMarketCap data, 24-hour trading volumes increased by more than 30%, most likely as a result of an increase in selling activity.
Shiba Inu price targets $0.00002 amid “Rising Three Methods Pattern”
On the weekly chart, Shiba Inu has developed a “Rising Three Methods” pattern. The price often produces a massive body bullish candlestick during an upswing, followed by three more red candles with higher lows.
The price of Shiba Inu has not yet finished this pattern because it need a fourth green candle to rise above the previous high. The price must hit $0.0000582, the 43.18% Fibonacci level, in order to do this.
Shiba Inu’s price may rise to $0.0000218 if SHIB completes this pattern after hitting this crucial level, confirming that the bullish trend that started in early May may continue. If the trend in the larger cryptocurrency market turns bullish once more, this level might be reached the following week.
The following bullish run may boost the top meme coin as high as $0.000033 once the price of Shiba Inu reaches this level, marking the creation of a new one-year high for SHIB.
Despite being below the zero line, the AO histogram bars become green, indicating a bullish outlook as well. This indicates that there is potential for additional gains since the adverse impetus that led SHIB’s uptrend to wane last week is becoming weaker.
If the RSI keeps falling, the preceding prediction that the price of Shiba Inu would break out to $0.00002 next week might not come to pass. The price of Shiba Inu will continue to decline unless the RSI rises over 50, which it is now at 44.
Long liquidations hit $1.09M
More than $1.09 million in long positions have been wiped out since Shiba Inu flashed a warning sign earlier this week, which is probably the primary cause of the recent collapse. This is the biggest number of long liquidations in a single week.
Many leveraged positions that can endanger the price of SHIB are eliminated when these long holdings close. The price of SHIB may have space to restart its early May bull run following this protracted squeeze, reaching $0.000022 by the following week.
Read this for a long-term prediction on Shiba Inu’s price performance between 2025 and 2030.
