MAX Pain

Bitcoin’s sharp advance from roughly $62,000 to $80,000 has put a major options expiry in focus, with $6.4 billion in contracts set to expire Friday. Market participants are watching the $75,000 and $80,000 call strikes, while max pain sits at $68,000.

Bitcoin has fallen from around $67,000 to below $60,000 ahead of a roughly $10 billion options expiry, pressuring the popular max pain narrative. Traders are now watching whether the event fuels volatility instead of the usual price pinning.