$BTC OPTIONS EXPIRY REVEALS $8.6B IN BULLISH BETS UNDERWATER 🔥
The options market is telling a clear story. Out of $10.6 billion expiring Friday, 80% is already out of the money, with call buyers betting on $80,000 facing losses. Price bounced from $59,065 on volume, but the recovery stalled at $61,700, failing to break the pattern of lower highs.
Key levels to watch are $60,000 support with $450M in put open interest and $80,000 resistance with $406M in calls. Dealer hedging could amplify moves toward either level. The max pain at $74,000 requires a 15% rally, making a squeeze unlikely before settlement. Are you watching for a break below $60k or a recovery toward $74k?
Not financial advice. Always manage your risk.
#BTC #OptionsExpiry #MaxPain #CryptoAnalysis ⚡