Bitcoin trades far below $72K max pain level ahead of $10 billion quarterly options expiry
By
Omkar Godbole
Summary
Bitcoin is trading well below the $72,000 max pain level ahead of Friday's $10 billion quarterly options expiry on Deribit, casting doubt on the popular max pain theory. With BTC around $61,700, the theory — which suggests prices gravitate toward the level where most options expire worthless — is not playing out as expected. The article examines why the theory may be failing this time, noting that market dynamics, positioning, and external factors can override the typical expiry-driven price behavior.
Source
bskyBitcoin trades far below $72K max pain level ahead of $10 billion quarterly options expirycoindesk.comKey quotes
· 3 pulledThe max pain level for this expiry stands at $72,000, significantly above current spot prices of around $61,700.
On Friday at 8:00 ET, options worth $10 billion will expire on Deribit, the world's largest crypto options exchange.
Max pain, as the name suggests, refers to the price level where options buyers – those who purchased call and put contracts to hedge against volatility
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