deribitexpiry

BTC BOUNCED OFF 76500 WHILE 11 BILLION IN OPTIONS STILL EXPIRES TODAY

Why this matters to you in one line
If you hold BTC this morning you are not watching a normal Friday
You are watching a settlement

BTC flushed to 76500 dollars in the early hours and clawed back to about 78638 dollars by this morning
The overnight range runs from 76500 dollars at the low to 78781 dollars at the high
That bounce is real but it is young and it has not proven anything yet

About 11 billion dollars in BTC options expire at 10 AM Cairo today on Deribit
Ether options worth about 776 million dollars expire at the same hour
The most painful price for BTC option buyers sits at 78000 dollars
BTC trades just above that level right now
So the morning is a tug of war between a fresh bounce and a giant settlement

A push above 78781 dollars tells you the overnight bounce survived into expiry
A fall back under 76500 dollars tells you the flush was only the first leg
I am watching those two lines and nothing else until the settlement clears

My take as an analyst
I lean toward the bounce holding because the flush already washed out the weak hands at 76500 dollars and the recovery held above 78000 dollars into the morning
But that lean dies fast on a return under 76500 dollars
No hero calls before a settlement this big

Expiry bulls who think the flush cleared the board versus expiry bears who think 76500 dollars was just the first leg
Pick your camp and defend it with a number

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#$10.9BBitcoinOptionsExpireFriday
A $10.9 billion storm is about to sweep through the market, folks! This Friday (30/10), a massive volume of Bitcoin options contracts will officially expire on Deribit. BTC is currently hovering around $81,400, but the "funny" thing is that the Max Pain price is all the way down at $78,000 (about 4% below the spot price). The bears are surely doing everything they can to "drag" BTC back to the Max Pain zone to maximize their profits. Meanwhile, the Put/Call ratio is 0.53, showing that the bulls are still extremely aggressive.
What should traders do? The big moment is almost here (08:00 UTC Friday), and going long or short right now could easily wipe you out. Best to buckle up, sit tight, watch the whales battle it out, and then go with the flow!
Note: This is not financial advice.
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