Options expiry of $2.6B hits crypto May 15
Options expiry contracts worth $2.6 billion across Bitcoin, Ethereum, XRP, and Solana settled on Deribit on May 15, triggering widespread market liquidations. Summary Around 25,000 Bitcoin options with a notional value of over $2 billion expired on Deribit on May 15, with a max pain price at $80,000. BTC’s put-call ratio of 0.57 signals bullish…
