🚨 May 8th Options Expiry Alert. At 08:00 UTC tomorrow, ~$2B in crypto options are set to expire on Deribit. bitcoin:native: $1.59B notional | Put/Call: 0.68 | Max Pain: $79,000 ethereum:native: $408M notional | Put/Call: 0.91 | Max Pain: $2,350 BTC put/call has gone 1.10 → 0.68 in just one weeks. Positioning rotated hard back to calls. Max pain climbing on both assets week on week. Spot above max pain on both. Full expiry data ↓ https://deribit.com/statistics/BTC/metrics/options Disclaimer: Deribit FZE is licensed by the Virtual Assets Regulatory Authority (VARA) for virtual asset exchange services, but does not offer derivatives services to retail investors. DRB Panama Inc. is unregulated and serves retail and non-retail investors. Virtual assets are highly volatile, carry significant risk, and may lose full value. They are not insured or protected against potential losses.(Deribit)