$BTC In the past few days, it will definitely rise!
Because tomorrow, $23.6 billion options will expire!
The maximum pain point (referring to the price level at which option buyers incur the greatest loss and sellers make the most profit) is $96,000!
The current price is $87,800, which will strengthen the upward trend of the price.
Large-scale option expirations will have a short-term price impact on the market, mainly due to the hedging behavior of market makers.
When the open interest of options is concentrated near a specific strike price, market makers need to manage their Delta risk exposure by buying and selling spot.
The maximum pain price is a key reference point because it is the position where the seller maximizes profit, and the market sometimes tends to converge towards this price.
