Major Bitcoin Options Expiry! This Friday – $7.11B on the Line! 📰
This Friday at 8:00 AM UTC, a significant batch of 76,000 $BTC options is set to expire on Deribit, representing a notional value of $7.11 billion.
🔹Max Pain Price: $85,000
🔹Put/Call Ratio: 0.7
The data suggests a moderately bullish bias, with the max pain point hinting at where the most losses would occur for option holders. With such a large expiry ahead, market participants should be prepared for potential volatility and strategic positioning.
Stay sharp! Friday could set the tone for Bitcoin’s next move! 🫰
