Bitcoin is heading into uncharted territory.
A massive $23.6 BILLION worth of BTC options expire this Friday — officially the largest expiry in Bitcoin history. This is not background noise. This is a volatility trigger.
📊 The Options Battlefield
Calls loaded: $100K – $120K
Put defense: ~$85K
Max pain level: $96K
⚖️ Why This Matters When expiries reach this scale, price action rarely stays calm. With call interest stacked above spot and max pain sitting lower, market makers are incentivized to drag BTC toward $96K — unless buyers force their hand.
This sets up a classic pin vs breakout scenario.
🔥 Key Scenarios to Watch
Above $100K: Gamma squeeze risk → hedging flows can fuel a sharp upside expansion
Below $96K: Price may gravitate toward max pain as options decay
Into expiry: Expect violent wicks, fakeouts, and liquidity grabs on both sides
🧠 Bottom Line This isn’t about direction — it’s about volatility.
Big expiries don’t stay quiet. They move markets.$BTC
