TechFlow News, May 15: According to analyst Adam@Greeks.live (@BTC__options), the options expiration data for May 15 is as follows:
For BTC: 25,000 options contracts expired, with a Put-Call Ratio of 0.59, maximum pain at $80,000, and notional value of $2 billion. For ETH: 274,000 options contracts expired, with a Put-Call Ratio of 0.4, maximum pain at $2,300, and notional value of $620 million.
This week, Bitcoin traded sideways near $80,000, exhibiting strong technical support and drawing relatively low market attention—only 6% of BTC options expired, versus 11% for ETH. Implied volatility (IV) across major BTC maturities stands at approximately 35%, while ETH’s IV is around 50%. Skew has remained exceptionally stable over the past month, reflecting neutral directional sentiment; options activity remains extremely low, with roughly 20% open interest expected by end-May and about 30% by end-June.
Overall, Bitcoin performed well in both price and market热度 during Q2 this year, supported by favorable legal, regulatory, and macroeconomic conditions. However, market enthusiasm still fell short of expectations. Against this backdrop of long-term tailwinds, Bitcoin remains the primary trading instrument, and positioning in medium-to-long-dated options is widely viewed as a reasonable strategy.
