$BTC Options Expiration
Today, 12 billion options expire, with the maximum pain point at 85000, which is also the reason for today's market sell-off.
Max pain or maximum pain price is the strike price that has the most outstanding contracts for both put and call options, causing the most financial losses for option holders at expiration.
The price of 85000 was previously mentioned as the dividing line between long and short positions, and the maximum pain point coincides exactly with this area of concentrated positions. It is expected to approach 85000 or spike briefly, but will not effectively break below 85000.
