Bitcoin and Ethereum options with a notional value of $7.48 billion expire and settle today.

CoinFeed reported on May 29th, citing Greeks.live, that option settlement data for May 29th showed 84,000 BTC options expiring with a put-call ratio of 0.88, a maximum support level of $75,000, and a notional value of $6.2 billion; 639,000 ETH options expiring with a put-call ratio of 0.81, a maximum support level of $2,200, and a notional value of $1.28 billion. This week, Bitcoin quickly fell below $75,000, with both BTC and ETH experiencing large-scale expirations. However, due to the rapid decline, the market did not find support at the "maximum support level." Only 20% of options expired this month, and after expiration, the concentration of June options holdings will significantly increase to 40%. The bulls failed to regain key positions before settlement, struggling to find support at key prices on GEX.