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$6.2B Bitcoin and $1.28B Ethereum options expire as prices stay below key levels, signaling cautious market sentiment.

Market News
29 May 2026, 12:39 WIB
Crypto news
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Bearish
$6.2B Bitcoin and $1.28B Ethereum options expire as prices stay below key levels, signaling cautious market sentiment.

On May 29, Bitcoin options worth $6.2 billion and Ethereum options worth $1.28 billion expired while both cryptocurrencies traded below critical price levels—Bitcoin below $75,000 and Ethereum near $2,000. The expiry reflected a bearish unwinding, with many long positions retreating as bulls failed to push prices back to key resistance zones. Put-call ratios for both assets stayed below 1, indicating no extreme bearish sentiment, but the market remains cautious with large positions removed and no strong buying demand restored. Traders now focus on June contracts and whether Bitcoin can reclaim $75,000 and Ethereum can rise above $2,100 to ease pressure and improve short-term sentiment.

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