$6.25 billion in Bitcoin options expire, with traders concentrating bets on the $82,000 call option

According to CoinDesk, approximately $6.25 billion worth of Bitcoin options contracts will expire on May 29, with the $75,000 strike price hosting the largest put position—valued at roughly $394 million—and the $80,000 strike price holding the largest call position—valued at approximately $532 million. The current maximum pain price stands at $75,000, about 3% below Bitcoin’s current price of $77,250. Data shows that a total of 80,535 contracts are set to expire, comprising 43,184 calls and 37,351 puts, yielding a Put/Call Ratio of 0.86—indicating the market remains moderately bullish overall. Notably, the Bitcoin call option expiring on May 29, 2026, with a $82,000 strike price emerged as Thursday’s most actively traded single options product, with around 1,600 contracts traded and a notional value of approximately $126 million—suggesting some traders are betting on an upside breakout for Bitcoin.